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 27 units 18 @50 each Jan. 8-6 units at $63 each Jan. 23 - 14 units at $65 each Under LIFO, Ending Inventory is: (00:29:40 O $1,300 O $1,363 O $ 950 O $1,225