Checkers Uses the Periodic Inventory System

Multiple Choice

Checkers uses the periodic inventory system.For the current month, the beginning inventory consisted of 1,200 units that cost $12 each.During the month, the company made two purchases: 500 units at $13 each and 2,000 units at $13.50 each.Checkers also sold 2,150 units during the month.Using the LIFO method, what is the ending inventory?

A) $20,073.
B) $18,600.
C) $20,925.
D) $18,950.