Stanford, Inc. has to determine the value of its Inventory. Stanford has the following inventory information for 2019: Jan 1 May 15 Nov 30 Beginning Inventory Purchases Purchases 200 units at $250 per unit 300 units at $350 per unit 400 units at $450 per unit Stanford sold 420 units during 2019 and had 480 units remaining at December 31, 2019. Assuming that a periodic inventory system is used, what is the value of ending inventory at December 31, 2019 on a LIFO basis? $187,000 $148,000 $208,000 $127,000 $335,000