A Company Had 22 Units at a Cost of $26

Multiple Choice

A company had 22 units at a cost of $26 each in inventory on March 1. On March 2, the company purchased 27 units at $27 each. On March 6, the company purchased 23 units at $28 each. On March 8, the company sold 52 units for $71 each. Given this information, determine the cost of the 20 units remaining in inventory after the March 8 sale using the LIFO periodic inventory method.

A) $520
B) $560
C) $1,436
D) $1,425
E) $540