Given the Following: LIFO Method 250 Units Left in Inventory

Multiple Choice

Given the following: LIFO method 250 units left in inventory $$\begin{array} { | l | l | l | } \hline \text { Beginning inventory } & 200 \text { units at } \$ 6 & \$ 1,200 \\\hline \text { Purchases: } & & \\\hline \text { Apr 10 } & 400 \text { units at } \$ 7 & \$ 2,800 \\\hline \text { May 15 } & 250 \text { units at } \$ 7 & \$ 1,600 \\\hline \text { Tuly } 9 & 200 \text { units at } \$ 8 & \$ 1,600 \\\hline \text { Oct } 8 & 100 \text { units at } \$ 11 & \$ 1,100 \\\hline\end{array}$$ The cost of ending inventory is:

A) $1,550
B) $2,300
C) $1,200
D) $3,200
E) None of these