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 200 units that cost $65 each.During the month, the company made two purchases: 300 units at $68 each and 150 units at $70 each.Chess Top also sold 500 units during the month.Using the average cost method, what is the amount of ending inventory?

A) $10,500.
B) $33,770.
C) $33,400.
D) $10,131.