The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an operating period.

	Units	Unit Cost		Total Cost		Units Sold
Beginning Inventory	32	$54		$1,728
Sale No. 1						10
Purchase No. 1	28	60		1,680
Sale No. 2						32
Purchase No. 2	20	57		1,140
Totals	80			$4,548		42

Assuming Quebec, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:

Select one:

A. $2,166

B. $2,220

C. $2,088

D. $1,989

2)

Mountain Company earns a net income of $430,500 and pays dividends of $39,000 during the period. Mountain has ending retained earnings of $733,500. The balance in Mountains beginning retained earnings must have been:

Select one:

A. $516,000

B. $469,500

C. $391,500

D. $342,000