Question 68 of 90 > -/ 15 Current Attempt in Progress Best Diamond Co. uses a perpetual inventory system and the specific identification cost formula. Below is the company's beginning inventory, purchases and sales transactions for the month of December. Quantity Unit Cost Unit Cost Beginning Inventory (Dec 1) Diamond # 234 1 $1,200 2 2,400 3,500 $1,200 4800 3,500 Diamond # 435 Diamond # 654 Jan 6 Purchase Diamond # 765 1 1 4500 4500 Jan 4 Sold Diamond # 654 for $4,000 Jan 15 Sold one Diamond # 435 for $3,000 and Diamond # 234 for $2,000 Determine the value of the Inventory ending at Jan 31 O $1,200 O $7.100 O $6.900 0 $4,500