Quan Uses a Periodic Inventory System -If Quan,Inc

Multiple Choice

Quan uses a periodic inventory system.The company had the following data for the month of April:
$$\begin{array}{llll}\text { April } 1 & \text { On hand, } 10 \text { units } @ \$ 2 \text { each } & \$ 20 \\19 & \text { Purchased } 90 \text { units } @ \$ 3 \text { each } & 270 \\& \text { Cost of goods avail able for sale } & \$ 290\\30 &\text { On hand, } 20 \text { units }\end{array}$$

-If Quan,Inc.uses the FIFO method,how much is cost of goods sold for April?

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