Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November:

Beginning Inventory	100 units @ $30.00 per unit
Purchase #1	60 units @ $35.00 per unit
Purchase #2	40 units @ $40.00 per unit
Units sold	170 units @ $100 per unit

What will Peeke report as gross margin for November assuming they use LIFO?

	A.	$17000
	B.	$5800
	C.	$11500
	D.	$11200
	E.	$5500