A company had the following purchases and sales during its first year of operations: 
On December 31,there were 26 units remaining in ending inventory.Using the Perpetual FIFO inventory valuation method,what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
Definitions:
Foreign Currency Exchange
The system or process of converting one country's currency into another, facilitating international trade and investment.
Supply Curve
A graph of the relationship between the price of a good and the quantity supplied.
Real Exchange Rate
A measure that compares the relative prices of goods and services between countries, adjusting for differences in price levels.
Loanable Funds
The money available for borrowing in the financial market.
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