The following information relates to the inventory of ABC Inc. who uses a perpetual inventory system:

Date	Transaction	# Units	Unit cost/sales price
December 4	Opening inventory	300	$	15
December 10	Purchase inventory	100	$	18
December 15	Sell inventory	320	$	27
December 20	Purchase inventory	150	$	20
December 29	Sell inventory	100	$	30

What is the value of inventory on hand after the December 29 sale if FIFO is used?

Multiple Choice

• $1,950
• $3,900
• $2,200
• $2,600
• $2,400