A company had the following purchases and sales during the month of November:

Date	Activities	Units Acquired at Cost	Units Sold at Retail
November 1	Beginning inventory	5 units @ $20 = $100
November 2	Purchase	10 units @ $22 = $220
November 6	Purchase	6 units @ $25 = $150
November 8	Sales		8 units @ $55

Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

Multiple Choice

• $304

• $296

• $288

• $280

• $276