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The following inventory was available for sale during the year for Thomasina Tools: Beginning inventory 10 units at $80 First purchase 15 units at $110

The following inventory was available for sale during the year for Thomasina Tools:

Beginning inventory

10 units at $80

First purchase

15 units at $110

Second purchase

30 units at $140

Third purchase

20 units at $130

Thomasina Tools has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?

Select one:

A. $5,950

B. $3,300

C. $3,150

D. $3,900

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