Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 2300 units of inventory that cost $15.50 each. At a later date, the company purchased an additional 2400 units of inventory that cost $16.00 each. If the company sells 2600 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale?
A. $33,600
B. $41,500
C. $32,550
D. $33,075
Answer: C
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