A company's inventory records report the following in November of the current year:

DateActivitiesUnits Acquired at CostUnits Sold at RetailNovember 1Beginning inventory5 units @ $44 = $220 November 2Purchase10 units @ $46 = $460 November 8Sales 12 units @ $78November 12Purchase6 units @ $49 = $294

Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?

Multiple Choice

$494

$548

$570

$356

$426