The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Blunt, Inc., for an operating period.

Units

Unit Cost

Total Cost

Units Sold

Beginning Inventory

30

$ 7

$210

Sale no. 1

20

Purchase no. 1

50

10

500

Sale no. 2

40

Purchase no. 2

20

11

220

Totals

100

$930

60

Assuming Blunt, Inc., uses LIFO periodic inventory procedures, the ending inventory cost is:

Select one:

A. $280

B. $420

C. $310

D. $440

E. None of the above