On December 1, Spectrum Company had beginning inventory of 20 units at $20 each ($400), on December 7 purchased 70 units at $21 each ($1,470), and on December 22 purchased 10 units at $22 each ($220). A total of 100 units were available with a total cost of $2,090. A physical count of merchandise inventory on December 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the value of ending inventory for December is

Select one:

a.

$715

b.

$680

c.

$665

d.

$700