Zara recorded the following data:

Date Units Cost

1/1 Inventory 500 $20.

1/8 Purchased 1,000 30

1/12 Sold 1,200

Assume Zara is using the weighted average, the ending inventory Balance to be reported on the Balance sheet at January 31 is:

Select one:

a. $12,500

b. $32,040

c. $8,000

d. $24,000