Checkers Uses the Periodic Inventory System

Multiple Choice

Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 4,800 units that cost $12 each. During the month, the company made two purchases: 2,000 units at $13 each and 8,000 units at $13.50 each. Checkers also sold 8,600 units during the month. Using the LIFO method, what is the ending inventory?

A) $80,292.
B) $74,400.
C) $83,700.
D) $75,800.