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Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7 1 0 0 units that cost $ 1 1

Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units that cost $11 each. During the month, the company made two purchases: 2900 units at $12 each and 12100 units at $12.50 each. Concord also sold 12900 units during the month. If the FIFO method is used, what is the ending inventory?
$109943
$115000
$103300
$101200
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