Hefty Company wants to know the effect of different inventory methods

Hefty Company wants to know the effect of different inventory methods
on financial statements. The information provided below relates to beginning inventory and purchases for the current year:
January 2
Beginning Inventory
500 units at $3.00 per unit
April 7
Purchased
1,100 units at $3.20 per unit
June 30
Purchased
400 units at $4.00 per unit
December 7
Purchases
1,600 units at $4.40 per unit
Sales during the year were 2,700 units at $5.00. If Hefty used the first-in first-out method, ending inventory would be:
Select one:
a. $2,780.
b. $3,960.
c. $9,700.
d. $10,880.

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