Nest co. recorded the following inventory information during the month of january: units unit cost total cost units on hand balance on 1/1 2,000 $1 $2,000 2,000purchased on 1/8 1,200 3 3,600 3,200sold on 1/23 1,800 1,400purchased on 1/28 800 5 4,000 2,200nest uses the lifo method to cost inventory. what amount should nest report as inventory on january 31 under each of the following methods of recording inventory? perpetual periodica. $2,600 $5,400 b. $5,400 $2,600 c. $2,600 $2,600 d. $5,400 $5,400