A company uses the periodic inventory system. The company began the month with zero inventory balance. They had the following transactions during the month of April

At the end of the month, they counted the inventory and found 55 units remaining.

If the company uses the FIFO costing method, how much was the Cost of Goods Sold for the month?

Select one:

A. $541

B. $680

C. $582

D. $626