Hong, Inc. had the following inventory in fiscal 2020. The company uses the FIFO method of accounting for inventory.

Beginning Inventory, January 1, 2020: 130 units @ $15.00 Purchase 200 units @ $16.00 Purchase 50 units @ $18.00 Purchase 110 units @ $19.00

Ending Inventory physical count on December 31, 2020 is 120 units

The ending inventory balance the company would report on the balance sheet for fiscal 2020 is:

Group of answer choices

$1,950

$1,800

$2,160

$2,270

None of the above