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Marked out of 4.00 Question 4 Not yet answered Lucy Company's beginning inventory was 0 and Lucy uses the perpetual inventory method. The following transactions occurred: Purchased on January 1 - 350 units, $10 cost per unit Purchased on January 16 -- 150 units, $8 cost per unit Purchased on January 25 - 350 units, $11 cost per unit On January 30, Lucy sold 450 units at a $15 selling price per unit. Assume the FIFO cost flow assumption. Compute ENDING INVENTORY at January 31. Select one: a $4,700 b. $8,550 c. $4,250 d. $1,800