MAT 106Business and Finance Basics III and Statistics Question10of20:Select the best answer for the question.10. Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00, 8 at $3.25, and 12 at $3.50. By the end of the year, 31 sets were sold. Using the LIFO method, the cost of ending inventory isA.$21.00.B.$12.00.C.$3.50.D.$28.00.