Charter Company, which uses the perpetual inventory method, purchases different letters for resale. Charter had a beginning inventory comprised of six units at $4 per unit. The company purchased five units at $6 per unit in February, sold nine units in October, and purchased five units at $7 per unit in December.If Charter Company uses the LIFO method, what is the cost of its ending inventory?
A. $89
B. $43
C. $77
D. $46
Answer: B
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