The Following Inventory Transactions Took Place for NPR Corporation for the Month

Multiple Choice

The following inventory transactions took place for NPR Corporation for the month of May: $\begin{array}{|l|l|c|c|}\hline \text { Date } & \text { Event } & \text { Quantity } & \text { Cost/Selling Price } \\\hline \text { May 1 } & \text { Beginning Inventory } & 1,000 & \$ 3.55 \\\hline \text { May 5 } & \text { Purchase } & 6,000 & 3.10 \\\hline \text { May 10 } & \text { Purchase } & 2,000 & 3.75 \\\hline \text { May 15 } & \text { Sale } & 3,000 & 6.00 \\\hline \text { May 20 } & \text { Sale } & 2,000 & 6.00 \\\hline \text { May 22 } & \text { Purchase } & 5,000 & 3.45 \\\hline \text { May 24 } & \text { Purchase } & 2,000 & 3.75 \\\hline \text { May 25 } & \text { Sale } & 7,000 & 6.00 \\\hline\end{array}$
The ending inventory balance for NPR Corporation, assuming the company uses a perpetual inventory system, and a first-in, first-out (FIFO) cost formula is

A) $15,000.
B) $14,400.
C) $12,850.
D) $13,800.