150 Smitty's Hair Salon, Tire Care, and Candy Shop recorded the following purchases, and inventory levels, of candy (in cases) from last operating period. Date Description Cases Unit Price T. Cost OP INV $1.10 $165.00 Purchases 50 $1.12 $56.00 Purchases $1.14 $54.72 Purchases $1.15 $71.30 Purchases $1.18 $63.72 Purchases $1.18 $36.58 Purchases $1.12 $49.28 Purchases $1.10 $72.60 Purchases $1.08 $86.40 Purchases 90 $1.15 $103.50 Purchases $1.15 $59.80 Purchases $1.12 $76.16 Purchases $1.20 $38.40 Closing Inventory: 200 cases Using the information above, calculate the closing inventory value using the method indicated below: First-In, First-Out (FIFO) Method Select one: a. $226 O b. $240 O c. $229.56 O d. $221