Question: Container Store's inventory method is LIFO. They sold 2,600 units during the first quarter and had the following information activity during the first quarter. Units
Container Store's inventory method is LIFO. They sold 2,600 units during the first quarter and had the following information activity during the first quarter.
| Units | Price per unit | |
| Beginning Balance January 1 | 500 | $4.20 |
| February Purchases | 800 | $4.30 |
| March Purchases | 950 | $4.40 |
To make first quarter profit as high as possible, how much inventory should Container Store purchase at the end of the first quarter?
A. Exactly 350 units
B. More than 350 units
C. Less than 350 units
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