Assume Nattie Inc. sold the following items in January for $$10$ each:

$1$ item on January $3$ with a unit cost of $$51$ item on January $15$ with a unit cost of $$5\mathrm{.}501$ item on January $22$ with a unit cost of $$6\mathrm{.}501$ item on January $31$ for $$7$

What is the cost of goods sold for January assuming the LIFO method?

$$24$

$$28$

$$40$

$$16$