XYZ Co. had 500 calculators on hand on 11/1/2018. Purchases and sales during the month of November were as follows: (Perpetual inventory system has been applied.) 11/1: Beginning Balace 500 units ($3.5 per unit); 11/8: Sold 350 units; 11/13: Purchased 300 units ($4 per unit); 11/21: Purchased 200 units ($5 per unit); 11/28: Sold 150 units. How much is the ending inventory at 11/30/2018 under LIFO?

• A. $1,975
• B. $1,750
• C. $2,200
• D. $3,950
• E. none of the above.

How much is the ending inventory at 11/30/2018 under FIFO?

• A. $1,975
• B. $2,200
• C. $1,750
• D. $3,950
• E. none of the above.