Kam Company has the following units and costs 1 answer below »

Kam Company has the following units and costs

Units

Unit Cost

Inventory, Jan. 1

8,000

$11

Purchase, June 19

13,000

12

Purchase, Nov. 8

5,000

13

If 9,000 units are on hand at December 31, what is the cost of the ending inventory under FIFO?

(a) $99,000.

(b) $108,000.

(c) $113,000.

(d) $117,000.