Question 11 10 pts Lemon company purchased 300 units for $20 each on January 31. It purchased 390 units for $26 each on February 28. It sold a total of 440 units for $40 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the firstcio first-out./ELED) inventory costing method? (Assume that the company uses a perpetual inventory system.) $6500 $1960 $3040 55000