A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold?

Date	Activities	Units Acquired at Cost	Units Sold at Retail
March 1	Beginning inventory	10 units @ $20 = $200
March 2	Purchase	10 units @ $22 = $220
March 6	Purchase	6 units @ $25 = $150
March 8	Sales		22 units @ $54

Multiple Choice

$450

$470

$570

$520