A Company Had 14 Units of Inventory at a Cost

Multiple Choice

A company had 14 units of inventory at a cost of $18 each on July 1. On July 3, the company purchased 19 units at $19 each. On July 7, the company purchased 15 units at $20 each. On July 9, the company sold 36 units for $63 each. Given this information, determine the cost of the 12 units remaining in inventory after the July 9 sale using the LIFO periodic inventory method.

A) $673.
B) $697.
C) $228.
D) $240.
E) $216.