Quayle Bookstore Had 500 Units on Hand at January 1

Multiple Choice

Quayle Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Quayle maintains a periodic inventory system. According to a physical count, 360 units were on hand at January 31. The cost of the inventory at January 31, under the LIFO method is:

A) $3,240.
B) $3,650.
C) $4,100.
D) $3,820.