3. Assume that Fey Company reports the following initial balance and subsequent purchase of Inventory. Inventory balance at beginning of year 1,200 units @ $60 each $72,000 Inventory purchased during the year 1,800 units @ $90 each 162,000 Cost of goods available for sale during the year 3,000 units $234,000 Assume that 1,900 units are sold during the year. What amount is reported for inventory on the year-end balance sheet using the FIFO method? a. \$ 99,000 b. $66,000 c. $135,000 d. $168,000