Wiggins,Inc

Wiggins,Inc.uses sulfuric acid in a manufacturing process.Information as to balances on hand,purchases,and requisitions of acid is given in the following table. If a perpetual inventory record of Raw Material A is maintained on a LIFO basis,the 20,000 units in inventory at July 18 will consist of:

A) 5,000 units @ $.72 and 15,000 units @ $.65.
B) 10,000 units @ $.60 and 10,000 units @ $.65.
C) 2,000 units @ $.72,8,000 units @ $.65 and 10,000 units @ $.60.
D) 10,000 units @ $.50,6,000 units @ $.65 and 4,000 units @ $.72.