D) $6,300 16) A company purchased 300 units for $20 each on January 31. It purchased 200 units for $40 each on February 28. It sold a total of 250 units for $110 each from March 1 through December 31. If the company uses the last-in, first-out inventory (LIFO) costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) A) 55,000 B) $10,000 $22,500 D) $250 W anita nf inventory on hand at the end of the vear. These were recorded at a cost of $14 each