Melbourne Company uses the perpetual inventory method. Melbourne purchased 1,800 units of inventory that cost $11.75 each. At a later date the company purchased an additional 1,900 units of inventory that cost $12.25 each. If Melbourne uses a LIFO cost flow method, and sells 2,100 units of inventory, the amount of ending inventory appearing on the balance sheet will be:

Multiple Choice

• $19,600.
• $19,200.
• $25,625.
• $18,800.