Question: Assume Smart Touch Learning had 12 tablets in its beginning inventory, each with a cost of $200. On January 3, Smart Touch Learning purchased 13

Assume Smart Touch Learning had 12 tablets in its beginning inventory, each with a cost of $200. On January 3, Smart Touch Learning purchased 13 tablets at a cost of $320 each. On January 10, Smart Touch learning sold 12 tablets to a customer. If the company is using the LIFO method, what is its ending inventory balance on January 10? O A. $5,840 O B. $4, 160 O C. $2,400 O D. $2,720

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