The following data apply to the next three questions.

Units Price

Beginning inventory $200$ $$1\mathrm{.}20$

First purchase $400$ $$1\mathrm{.}30$

Second purchase $250$ $$1\mathrm{.}40$

Sales $550$ $$2\mathrm{.}00$

$2.$ Assuming a LIFO cost flow, the amount of ending inventory reported on the balance sheet would be

a$.$ $$240.$

b$.$ $$370.$

c$.$ $$130.$

d$.$ $$415.$