Eloise Corp. uses the FIFO retail inventory method and reports the following information: 
What is the FIFO value of ending inventory for Eloise Corp.?
Definitions:
Equation
A mathematical statement asserting the equality of two expressions, typically involving variables, and solved to find the values of those variables.
Reciprocal
The multiplicative inverse of a number or expression; for any nonzero number x, its reciprocal is 1/x.
Number
A mathematical object used to count, measure, and label.
Extraneous Solutions
Solutions obtained in the process of solving an equation that do not satisfy the original equation.
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