Kershaw Bookstore Had 800 Units on Hand at January 1

Multiple Choice

Kershaw Bookstore had 800 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows: Kershaw does not maintain perpetual inventory records. According to a physical count, 600 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is:

A) €1,600.
B) €10,800.
C) €12,400.
D) €12,800.