Sheridan has the following inventory data:

July 1		Beginning inventory		56 units at $101
5		Purchases		252 units at $94
14		Sale		168 units
21		Purchases		126 units at $97
30		Sale		118 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?

$14304

$27276

$14290

$27262