The inventory records for Tiny Tim Creations Inc. indicate the following activity for the month of January:

January 1 balance,

1000 units @ $7.20 each

Purchases:

January 10: 600 units @ $7.25 each

January 16: 800 units @ $7.30 each

January 23: 600 units @ $7.35 each

Sales:

January 5: 400 units

January 14: 700 units

January 20: 500 units

January 26: 700 units

1. January 31st ending inventory using unit LIFO in a perpetual inventory system is:

A) $4,960

B) $5,060

C) $5,080

D) $5,140