Purchases and sales during a recent period for Latern Inc were:

Purchases During the Period:

1st Purchase 500 units @ $2.00

2nd Purchase. 1,000 units @ $3.00

3rd Purchase. 500 units @. $4.00

4th. Purchase. 500 units. @. $5.00

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2,500 units

Sales During the Prriod:

1st Sale. 600 units. @ $7.00

2nd Sale. 750 units. @ $8.00

3rd Sale. 500.units. @ $9.00

4th Sale. 500 units. @ 10

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2,350 units

Beginning inventory was 100 units at $1.00 each.

Given the information, what is the ending inventory if the periodic FIFO costing alternative is used?

A) $500

B) $400

C) $3,100

D) $ 1,250