The following data relate to a particular item of merchandise:
Units Unit Price
On hand at start of period 400 units $6.20 unit price
Purchased during the period:
First purchase 600 units 6.50 unit price
Second purchase 800 units 6.70 unit price
Third purchase 700 units 6.80 unit price
On hand at the end of period 500 units
Units sold during the period ?

Of the actual units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 600 from the last purchase. Using the last-in, first-out cost flow assumption, the value of the remaining merchandise inventory at the end of the period would be_______________.
a. $3,000
b. $3,130
c. $3,300
d. $3,490