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What is the Ending LIFO inventory balance for Evelyn Enterprises? Information on Evelyn Enterprises inventories is below for the first quarter of 2021: Quantity Unit

What is the Ending LIFO inventory balance for Evelyn Enterprises?

Information on Evelyn Enterprises inventories is below for the first quarter of 2021:
Quantity Unit Price Total
Beginning inventory, Jan. 1, 20X1 1000 10 $ 10,000
(1) Purchase 2500 11 $ 27,500
(2) Purchase 1250 10 $ 12,500
(3) Purchase 1100 10.5 $ 11,550
Ending inventory, Mar. 31, 20X1 1200

Group of answer choices

12,200

$12,550

$49,000

$49,350

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