Maple Company buys and resells hand-crafted wood chairs. The following inventory, purchases, and sales data are for the Maple during the month of January. Maple uses the periodic inventory method. Inventory: Purchases: January Sales Beginning: Jan. 3 - 8 units at $50 each 2 7 units 18 @ 50 each Jan. 8-6 units at $63 each Jan. 23 - 14 units at $65 each Under LIFO, Ending Inventory is: Multiple Choice $1,300 $1,363 $950 $1,225