Question 16 1 pts Units 2,000 1,200 1,800 800 Unit cost $1 3 Total cost $2,000 3,600 Balance on 1/1 Purchased on 1/8 Sold on 1/23 Purchased on 1/28 Units on hand 2,000 3,200 1,400 2,200 5 4,000 Nest uses the LIFO method to cost inventory. What amount should Nest report as inventory on January 31 under each of the following methods of recording inventory? Perpetual $2,600 $5,400 $2,600 $5,400 Periodic $5,400 $2,600 $2,600 $5,400 oooo