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

	Units	Unit Cost	Total Cost	Units Sold
Beginning Inventory	30	$28	$ 840
Sale No. 1				20
Purchase No. 1	50	40	2,000
Sale No. 2				40
Purchase No. 2	20	44	880	__
Totals	100		$3,720	60

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

Select one:

A. $1,760

B. $1,120

C. $1,680

D. $1,240