Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 430 $ 2.18 April 20 Purchase 450 2.67 Capetown sold 610 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

a/ $589

b/ $721 - Incorrect

c/ $1,202

d/ $937