Paris Merchandising Ltd Sells Ladies Skirts

Paris Merchandising Ltd sells ladies skirts.The opening stock consisted of 300 skirts with purchase price of $50 each.Subsequent purchases during the period include: 400 at $60 each and another 200 for $70 each.A total of 700 skirts were sold during the period.What is ending inventory using FIFO method?

A) $10,000
B) $11,800
C) $12,000
D) $14,000
E) E: None of the given answers.