QUESTION $25$

Fit Gym began December with merchandise inventory of $20$ bicycles that cost a total of $$1,300.$ During the month, Fit Gym purchased and sold merchandise on account as shown below:

$\backslash$table$[[,$# of Units,Unit Cost,Sale Price$/$Unit$,],[$Dec$.1,$Beginning Inventory,$20,65,],[18,$Purchase,$60,80,],[26,$Sale,$30,,120]]$

Fit Gym uses the LIFO inventory costing method. What is the company's ending inventory in December?

$$4,000$

$$3,700$

$$3,812\mathrm{.}50$

$$3,900$