16) A company had the following purchases and sales during its first year of operations: Sales 6 units 5 units 9 units 8 units 13 units Purchases 10 units at $120 20 units at $125 15 units at $130 12 units at $135 10 units at $140 January February: May: September: INovember: On December 31, there were 26 units remaining in ending inventory. Using the Periodic LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) A) $3,405. B) $3,270. C) $3,200, D) $3,364. E) $5,400. 16)