Martin Sales Had a Beginning Inventory Balance of $120 Made

Multiple Choice

Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit. Early in the month, they purchased 16 units at $10.00 per unit. Later that month, they sold 15 units. Martin uses a perpetual inventory system, and applies LIFO. How much is Cost of sales for the month?

A) $150
B) $170
C) $110
D) $180