Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 385 qts. @ $4.10 per quart on April 1.

Purchases:							Sales:
Apr. 10	585	qts	@	$	4.20		Apr. 3	370	qts
Apr. 14	485	qts	@	$	4.30		Apr. 12	585	qts
Apr. 20	485	qts	@	$	4.35		Apr. 26	385	qts

The ending inventory assuming LIFO and a periodic inventory system is: (Round your final answer to two decimal places.)

Multiple Choice

• $2,586.50.

• $2,521.50.

• $2,481.50.

• $2,591.50.