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Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 50 units at

Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June.

June 1 On hand, 50 units at $18.00 each $900.00
4 Purchased 115 units at $18.20 each $2,093.00
5 Sold 100 units
10 Purchased 75 units at $18.25 each $1,368.75
24 Sold 40 units
Total cost of goods available for sale $4,361.75
30 On hand, 100 units

If the company uses the FIFO inventory costing method, the amount of ending inventory reported on the balance sheet is:

a. $1,800.00

b. $1,823.75

c. $1,810.00

d. $1,825.00

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