A Company Purchased 100 Units for $30 Each on 31

Multiple Choice

A company purchased 100 units for $30 each on 31 January.It purchased 130 units for $39 each on 28 February.It sold a total of 160 units for $45 each from 1 March to 31 December.What is the amount of ending inventory on 31 December if the company uses the first-in,first-out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system. )

A) $2730
B) $960
C) $2100
D) $5250