Marie's Sporting Goods had the following inventory records for one line of skis for the month of January: Beginning Inventory ............. 70 pairs @ $100 per pair = $7,000 Sales (Jan. 1 - Jan. 7) ......... 50 pairs Purchase (Jan. 8) ............... 46 pairs @ $104 per pair = $4,784 Sales (Jan. 9 - Jan. 16) ........ 49 pairs Purchase (Jan. 17) .............. 62 pairs @ $110 per pair = $6,820
Sales (Jan. 1 . - Jan. 29) ....... 56 pairs Purchase (Jan. 30) .............. 18 pairs @ $112 per pair = $2,016 Assuming the periodic LIFO inventory method is used, what is the cost of Marie's ending inventory?
a. $4,124
b. $4,268
c. $4,376
d. $4,100
D
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