On June 1, Corona Company Had 40 Units of Inventory

Multiple Choice

On June 1, Corona Company had 40 units of inventory at a cost of $6 each.June purchases and sales were as follows: $\begin{array}{llll}&\text { Purchases }&&\text { Sales }\\ \text { June } 5 & 10 \text { units } @ \$ 8 & \text { June } 4 & 20 \text { unit } \\12 & 20 \text { units } @ \$ 10 & 20 & 12 \text { unit }\\25& 10 \text { units } \$ 16\end{array}$
The cost of goods sold during June was $272.Corona must use:

A) FIFO
B) LIFO perpetual
C) weighted average
D) LIFO periodic