Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,200 units of inventory that cost $7.25 each. At a later date, the company purchased an additional 1,300 units of inventory that cost $7.75 each. If the company sells 1,500 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale? Multiple Choice $7,750 $7,250 $11,525 O $7,500