Jack Company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at $36 each and sold 4,600 units. Assume the use of periodic inventory procedure. Cost of ending inventory using FIFO is:

Select one:

a. $104,400.

b. None of these.

c. $122,400.

d. $120,000.

e. $147,600.