Crane Bookstore had 520 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows:

Date		Purchases	Sales
Jan. 14			385 @ $14
17		280 @ $10
25		280 @ $12
29			240 @ $17

Crane does not maintain perpetual inventory records. According to a physical count, 455 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

$5460.

$4550.

$4095.

$5110.