A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:12 units at $1506 unitsFebruary:22 units at $1555 unitsMay:17 units at $1609 unitsSeptember:14 units at $1658 unitsNovember:12 units at $17015 unitsOn December 31, there were 34 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $4528.
B. $4773.
C. $5310.
D. $4114.
E. $7280.
Answer: C
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