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A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19

A company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On November 6 they purchased 8 units at $22 each. On November 8, 12 units were sold for $52 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

Multiple Choice

$230

$254

$237

$309

$242

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