Not sure why the answer is $3270, explain with steps.

Midterm Review Saved Help Save & Exit Submit Check my work mode : This shows what correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 54 A company had the following purchases and sales during its first year of operations: Purchases January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 Sales 6 units 5 units 9 units 8 units 13 units On December 31, there were 26 units remaining month.) ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the Multiple Choice $3,405. $3,270 O $3,200. $3,364 $5,400 O