The Loyd Company had 150 units of product Omega on hand at December 1, Year 1 costing $ 400 each. Purchases of product Omega during December were as follows:

Sales during December were 500 units on December 30. Assume a perpetual inventory system is used. Round per unit costs to two decimal places. The cost of inventory at December 31, Year 1 under the moving- average method would be closest to:
a. $ 100,000
b. $ 104,000
c. $ 115,000
d. $ 125,000

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Date December 7 December 14 December 29 Units 100 200 300 Unit Cost $440 $460 $500