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

Purchases Sales

January:10 units at $1206 units

February:20 units at $1255 units

May:15 units at $1309 units

September:12 units at $1358 units

November:10 units at $14013 units

On December 31, there were 26 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

Multiple Choice

• $5,400.
• $3,405.
• $3,364.
• $3,270.
• $3,200.