Quan Uses a Periodic Inventory System ? If Quan Uses the LIFO Inventory Method, How Much

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 uses the LIFO inventory method, how much is inventory on the balance sheet as of April 30?

A) $50
B) $40
C) $60
D) $58