The following desks were available for sale during the year for George Co.: 10 units at $160 = $1,600 15 units at $220 = $3,300 30 units at $280 = $8,400 25 units at $260 = $6,500 Beginning inventory First purchase Second purchase Third purchase George has 40 desks on hand at the end of the year. What is the ending inventory value reported on the balance sheet at the end of the year according to the first-in, first-out method? a) $10,400 b) $9,300 c) $9,100 ******* d) $10,700