ABC Co. sells snowboards to customers. During the month of September, the company sold 110 snowboards. ABC uses a periodic inventory system. Based on the following information, what is the cost of ending inventory if the company uses FIFO costing system?

Date

Units

Unit Cost

Total Cost

9/1

26

$97

$2,522

9/12

45

102

4,590

9/19

20

104

2,080

9/26

30

105

3,150

121

$12,342

Select one:

a.1,055

b.1,155

c.1,122

d.1,067