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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 260 units

Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were:

December 20Purchased 260 units at $96 per unit.
December 26Sold 250 units.
December 28Purchased 260 units at $102 per unit.

Assuming the LIFO flow assumption is in use, the perpetual inventory records will indicate an ending inventory of this product of:

$27,280. 

$27,080. 

$22,560. 

$24,660. 

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