A school cafeteria has 100 frozen pizzas delivered on January 10 at a cost of $2 each and 150 pizzas delivered on February 2 at a cost of $2.20 each. They are all peperoni and mushroom. Using the average cost method under the periodic system, what would the value of inventory be at the end of February if 120 pizzas were used on February 14?

Select one:

a. $330.20

b. $275.60

c. $240.40

d. $362.60