Clue Company has the following units and costs:

	Units	Unit Cost
Inventory, Jan. 1	8,000	$11
Purchase, June 19	9,000	13
Purchase, Nov. 8	5,000	15

If 11,000 units are on hand at December 31, what is the cost of the ending inventory under FIFO using a periodic inventory system?

a)

$147,000

b)

$127,000

c)

$153,000

d)

$140,000