The Loyd Company had 150 units of product Omega on hand at December 1. Year 1 costing $400 each. Purchases of product Omega during December were as follows: Sales during December were 500 units on December 30. Assume a perpetual inventory system is used. Round per unit costs to two decimal places. The cost of inventory at December 31, Year 1 under the moving-average method would be closest to: $115,000 $100,000 $125,000 $104,000