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# Hopkins Inc. has a beginning inventory balance of \$450 (150 units purchases at \$3 each). The...

Hopkins Inc. has a beginning inventory balance of \$450 (150 units purchases at \$3 each). The following table shows the company's purchases and sales of inventory during the month of January: Purchases units cost/unit January 10 300 \$4 January 22 500 \$5 Sales units price/unit January 20 400 \$8 January 28 400 \$9 Assuming that Hopkins Inc. uses the periodic LIFO method, determine the value of inventory at the end of January.

Select one:

a. \$450

b. \$3,400

c. \$750

d. \$4,150

e. \$3,700

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