ABC Corporation has the following inventory information for March, 2019:

		Units		$ Unit cost		$ Total Cost
Beg. Inv.		2,400		10.50		25,200
Purchase 1		3,800		10.75		40,850
Purchase 2		1,900		11.00		20,900
Purchase 3		2,300		11.25		25,875
Total		10,400				112,825

On March 31, ABC has 2,500 units in ending inventory. Using the periodic LIFO (last-in, first-out) method, what is Cost of goods sold (COGS) for March ?

	a.	$84,700
	b.	$86,575
	c.	$84,750
	d.	$86,550