The Notebook Company was formed on December 1, 2016. The following information is available from the company's inventory records:

Units

Unit Cost

Balance as of May 1, 2017 ................

800

$104

Purchases:

May 7, 2017 ..........................

19,000

$105

June 11, 2017 ............................

17,000

$106

July 23, 2017 .............................

3,200

$103

December 15, 2017 .........................

5,100

$107

1.See information for The Notebook Company above. Using this information, the ending inventory value using LIFO is

a.$875,300

b.$870,700

c.$872,210

d.None of the above