The following units of a particular item were pur- chased and sold during the period: Beginning inventory First purchase Second purchase First sale Third purchase 40 units at $20 50 units at $21 50 units at $22 110 units 50 units at $23 45 units Second sale What is the cost of the 35 units on hand at the end of the period as determined under the perpetual in- ventory system by the lifo costing method? LO1 A. $715 B. $705 C. $700 D. $805