Impala Inc. completed the following transactions during the month of January:

Date Item Quantity Unit Cost

January $1$ Balance $20$ $$50$

January $4$ Purchase $60$ $$60$

January $22$ Purchase $35$ $$64$

During the month, Logan Inc. sold $90$ units of inventory.

What is the ending inventory under FIFO method for the month of January?

Multiple Choice

$$1,600$

$$5,240$

$$5,540$

$$1,300$