Question 5 2 pts Connelly Inc. is a wholesaler of office supplies that began operations in 2017. The activity for Model Il calculators during 2017 is shown below. (A year-end physical inventory indicates 4,000 Model IlI calculators on hand.) Date Transaction Purchase Purchase Sales Purchase Sales Purchase Units 2,000 3,000 2,600 3,800 3,400 1.200 Cost $36.00 $37.00 August 1 September 7 September 12 November 21 December 22 December 29 $38.00 $40.00 If Connelly Inc. uses a LIFO perpetual inventory system, the ending inventory of Model II calculators at December 31 is reported as $146.00 $150,00 $154,000 $154,400