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NaCo opened for business in 20X1 and had the following merchandise transactions: Units purchasedUnits soldUnits on hand 20X11,100 @ $12900200 20X21,800 @ $141,600400 20X31,300 @

NaCo opened for business in 20X1 and had the following merchandise transactions:

Units purchasedUnits soldUnits on hand

20X11,100 @ $12900200

20X21,800 @ $141,600400

20X31,300 @ $161,400300

20X41,700 @ $181,500500

Use LIFO costing to compute the dollar amount of the 500 units of ending inventory as of December 31, 20X4.

a.$5,800b. $7,400c.$6,700d.$8,800

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