A company had the following purchases and sales during its first year of operations:

purchase sales

Jan 10 units at $120 6 units

feb 20 units at $125 5 units

may 15 units at $130 9 units

sep 12 units at $135 8 units

Nov 10 units at $140 13 units

On December 31, there were 26 units remaining in ending inventory. Using theperpetualLIFO inventory costing method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)

(A) $8670

(B) $5,400

(C) $5,470

(D) $5,130

(E) $5,305