Hanifee Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 200 units that cost $65 each. During the month, the company made two purchases: 300 units at $69 each and 150 units at $70 each. The company also sold 500 units during the month.

Using the periodic weighted-average cost method, what is the cost of ending inventory?

Select one:

A. $33,770

B. $10,200

C. $10,500

D. $33,400