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MAT 106 Business and Finance Basics III and Statistics Question 10 of 20 : Select the best answer for the question. 10.   Belle Co. has beginning inventory of 12 sets of paints at a cost of \$1.50 each. During the year, the store purchased 7 at \$3.00, 8 at \$3.25, and 12 at \$3.50. By the end of the year, 31 sets were sold. Using the LIFO method, the cost of ending inventory is  A. \$21.00. B. \$12.00.  C. \$3.50. D. \$28.00.

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