During the past year, a plumbing supply house sold 503 faucets. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 15 Beginning Inventory 28 $11.25 $ 315 March 22 Purchase 74 12.50 925 April 24 Purchase 150 20.00 3,000 October 10 Purchase 250 12.50 3,125 December 31 Purchase 500 8.25 4,125 Total Available for Sale 1,002 $11,490 Using the inventory records from question #1, calculate the dollar value of the ending inventory using LIFO. 1) $7,327.50 2) $4,116.75 3) $3,815.50 4) $3,834.50