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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 50 units
Total cost of goods available for sale $4,361.75
30 On hand, 90 units

Refer to the information provided for Klump Co. If the company uses the FIFO inventory costing method, the amount of ending inventory reported on the balance sheet is:

$1,630.00

$1,628.00

$1,641.75

$1,810.00

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