A company's inventory records report the following in November of the current year: Date Activities November 1 November 2 Beginning inventory Purchase Sales Purchase November 8 November 12 Units Acquired at Cost 5 units @ $20 = $100 10 units @ $22 = $220 6 units @ $25 = $150 Units Sold at Retail 12 units @ $54 Using the LIFO perpetual inventory method, what amount of gross profit was earned from the 12 units sold? Multiple Choice $577 $260 $366 89