On December 31, there are 26 units remaining in ending inventory. Assuming Trekking uses the FIFO cost flow assumption, what is the cost of the ending inventory?

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2. Trekking Company made the following inventory purchases during the year: January 1: 10 units at $120 February 1: 20 units at $130 May 1: 15 units at $140 September 1: 12 units at $150 November 1: 10 units at $160 On December 31, there are 26 units remaining in ending inventory. Assuming Trekking uses the FIFO cost flow assumption, what is the cost of the ending inventory? a. $3,500. b. $3,800. c. $3,960. d. $3,280. e. $3,640