On January 1 the Whitehouse St Corporation had 40 units of merchandise inventory on hand. Each unit had cost the company $32. During January the company made the following purchases: January 8, 50 units at $34 each and January 21, 60 units at $37 each. The company made the following sales in January: January 10, 42 units at $60 each and January 26, 64 units at $60 each. The company uses the LIFO perpetual inventory method Calculate the cost of the Corporation's merchandise inventory on hand on January 31 a. $3,784 b. $1,628 c. $3,572 d. $1,416