Melbourne Company uses the perpetual inventory method. Melbourne purchased 700 units of inventory that cost $3.50 each. At a later date the company purchased an additional 800 units of inventory that cost $4.00 each. If Melbourne uses a LIFO cost flow method, and sells 1,000 units of inventory, the amount of ending inventory appearing on the balance sheet will be: Multiple Choice $2,000. bo $3,900 $1,750 $1,875