Lamp Inc. sells lamps. During March 2018, its inventory records for the category "Nightstand Lamps" were as follows:

Beginning Inventory March 7 Purchase March 11 Sale March 17 Purchase March 23 Sale March 28 Purchase

Quantity

2,000 lamps 1,800 lamps 2,500 lamps

900 lamps 800 lamps 700 lamps

Price per Lamp

$26 $29 N/A $31

N/A $32

Total

= $52,000 = $52,200

= $27,900

= $22,400

Using the information above, periodic LIFO cost of goods sold is:

Select one:

a. $103,400

b. $99,600 c. $95,700 d. $98,550