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Lam Inc had the following inventory records: Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 1,000 $ 6.50 Mar. 10 Purchase 600

Lam Inc had the following inventory records:

Date Transaction Number of Units Unit Cost
Mar. 1 Beginning Inventory 1,000 $ 6.50
Mar. 10 Purchase 600 6.60
Mar. 16 Purchase 800 6.70
Mar. 23 Purchase 600 6.80

Lam sold 2,500 units of inventory during the month. Ending Inventory assuming LIFO would be:

Group of answer choices

$3,400

$3,250

$16,650

None of the above

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