A Company Has Inventory of 10 Units at a Cost

Multiple Choice

A company has inventory of 10 units at a cost of $10 each on June 1. On June 3, they purchased 20 units at $12 each. 12 units are sold on June 5. Using the FIFO periodic inventory method, what is the cost 18 units remaining in ending Inventory after the June 5 sale?

A) $196
B) $124
C) $104
D) $144
E) $216