Quan Uses a Periodic Inventory System ? If Quan, Inc

Multiple Choice

Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. April $\begin{array}{ll}1&\text { On hand, } 10 \text { units } @ \$ 2 \text { each } & \$ 20 \\19&\text { Purchased } 90 \text { units } @ \$ 3 \text { each } & \$ 270 \\&\text { Goods available for sale } & \$ 290\end{array}$ ? If Quan, Inc.uses FIFO inventory costing, how much is cost of goods sold for April?

A) $250
B) $232
C) $230
D) $240