1O. LPO, ha werghted average cost flow 8. Award: 10.00 points The following information was drawn from the inventory records of Preston Company. Beginning inventory (purchased in Year 1) 1stpurchasemade in Year 2 2ndpurchase made in Year 2 Units Sold 100 Units S10 each 400 Units $12 each 500 Units $14 each 950 Units $15 each Based on this information, which of the following represents the amount of ending inventory appearing on the balance sheet assuming a LIFO cost flow? $700 $500 $300