22. The following is information regarding inventory of Dili Ltd during September 2019. Dili Ltd uses a periodic inventory system:

Opening balance September 1 - 5 units @ $200

Purchases September 3 - 5 units @ $240, September 12 - 3 units @ $260, September 25 - 6 units @ $200

Sales September 7 - 7 units, September27 - 5 units

The last-in, first-out method is not permitted under the IFRS, however if the last-in, first-out periodic method is applied, the value of ending inventory is:

Select one:

a.

$4,400.

b.

$4,192.

c.

$1,840.

d.

$1,480.

e.

None of the above answers is correct.