Sheridan uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that costs $11 each. During the month, the company made two purchases: 3100 units at $12 each and 12100 units at $12.50 each. Sheridan also sold 13000 units during the month. What is the ending inventory if the LIFO method is used?

$105600

$120000

$114624

$107800