Q 6.8: Sig Freud Bookstore had 200 electric pencil sharpeners on hand at January 1, costing $18 each. Purchases and sales of electric pencil sharpeners during the month of January were as follows: Purchases Sales 150 x $28 Date Jan. 14 Jan. 17 Jan. 25 Jan. 29 100 x $20 100 x $22 100 x $32 Sig Freud does not maintain perpetual inventory records. According to a physical count, 150 electric pencil sharpeners were on hand at January 31. The cost of the ending inventory at January 31 under the FIFO method is A $400. B $2,700. $3,100. D $3,200