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Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information...

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Accounting

Peeke Company uses the periodic method of accounting. Peeke Company has the following inventory information summarizing activity during November:

Beginning Inventory

100 units @ $30.00 per unit

Purchase #1

60 units @ $35.00 per unit

Purchase #2

40 units @ $40.00 per unit

Units sold

170 units @ $100 per unit

What is Peekes cost of ending inventory using LIFO?

A.

$900

B.

$1200

C.

$5800

D.

$1050

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