Solve the problem using the information given in the table and the first- in, first-out inventory method. Round to the nearest dollar.
Determine the cost of ending inventory.
45 units are in the ending inventory.
Beginning inventory: 35 units at $6.14
June 3: 45 units at $6.62
August 5: 30 units at $7.08
◦ $281
◦ $297
◦ $319
◦ $312