8. The following hammers were available for sale during the year for Wilkins Tools: Beginning inventory.............. First purchase.......... Second purchase........ Third purchase............. 10 units at $40 15 units at $55 30 units at $70 25 units at $65 Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method? A) $1,975 B) $2,975 C) $1,575 D) $1,950