$\backslash$table$[[,,$Units,Unit Cost$],[$Inventory: January $1,9600,$$$8\mathrm{.}80,],[$Purchases: June $18,9000,8\mathrm{.}00,],[,$November$8,5600,6\mathrm{.}00]]$

A physical inventory on December $31$ shows $4100$ units on hand. Sheridan sells the units for $$11$ each. The company has an effective tax rate of $18\%.$ Sheridan uses the periodic inventory method. Under the FIFO method, the December $31$ inventory is valued at

$$24600$

$$32800$

$$35500$

$$36080$