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Marsh Company had 150 units of product A on hand at January 1, year 2, costing $21 each. Purchases of product A during the month

Marsh Company had 150 units of product A on hand at January 1, year 2, costing $21 each. Purchases of product A during the month of January were as follows:

Units

Unit cost

Jan. 10

200

$22

18

250

23

28

100

24

A physical count on January 31, year 2, shows 250 units of product A on hand. The cost of the inventory at January 31, year 2, under the LIFO method is

a. $5,850

b. $5,550

c. $5,350

d. $5,250

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