Jenna's Bookstore had 500 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows:

Purchase and Sales

Date	Purchases	Sales
Jan. 14		375 @ $13
Jan. 17	260 @ $12
Jan. 25	260 @ $10
Jan. 29		270 @ $16

Jenna's Bookstore maintains perpetual inventory records. According to a physical count, 375 units were on hand at January 31. The cost of the inventory at January 31 (ending inventory), under the LIFO method is:

Group of answer choices

$3,750

$4,500

$3,980

$4,000

$3,980

$4,000