A company sells garden hoses and uses the perpetual inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during September were as follows: September 1: Beginning balance of 18 units at $13 each September 15:

Purchased 30 units at $14 each September 30:

Sold 38 units at $30 selling price each

Using the FIFO inventory valuation method, what is the cost of the ending inventory?

A. $130 B. $135 C. $140 D. $300

Using the LIFO inventory valuation method, what is the cost of the ending inventory?

		A. $130
		B. $135
		C. $140
		D. $300