[The following information applies to the questions displayed below.]

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $11.00 per letter. In February, it purchased H thru L at $13.00 per letter. It purchased M thru R in March at $14.00 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year.

If Alphabet Company uses the LIFO method, what is the cost of its ending inventory?

$66

$181

$84

$142