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

December 20	Purchased 200 units at $90 per unit.
December 26	Sold 190 units.
December 28	Purchased 200 units at $99 per unit.

At year-end, Venus restates the carrying value of its inventory using periodic last-in, first-out (LIFO) costing procedures. Under periodic costing procedures, the last-in, first-out (LIFO) cost of the inventory is:

Multiple Choice

$18,990.

$18,900.

$18,000.

$20,700.