Chess Top Uses the Periodic Inventory System

Multiple Choice

Chess Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 360 units that cost $65 each. During the month, the company made two purchases: 540 units at $68 each and 270 units at $70 each. Chess Top also sold 900 units during the month. Using the average cost method, what is the amount of ending inventory?

A) $18,900.
B) $60,786.
C) $60,120.
D) $18,236.