Oriole Corp. employs a periodic inventory system and conducted a physical inventory count showing 28 units on hand as of July 31. The ending inventory value calculated using the FIFO cost method is $1547, $672, $1536, and $683. This indicates various potential valuations of the inventory on that date.

1. Oriole Corp. uses a periodic inventory system. A physical count of merchandise inventory on July
31 shows that 28 units are on hand. Under the FIFO cost method, ending inventory at July 31 was
$1547.$672.$1536.$683.