Eneri Company's Inventory Records Show the Following Data: a Physical

Multiple Choice

Eneri Company's inventory records show the following data: A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at

A) $28,000.
B) $32,267.
C) $32,960.
D) $36,800.