Assume Nile.com began May with 16 units of inventory that cost a total of $272. During May, Nile.com purchased and sold goods as follows: May 8 Purchase 48 units @ $18 14 Sale 40 units @ $36 22 Purchase 32 units @ $20 27 Sale 48 units @ $36 Under the FIFO inventory costing method and the perpetual inventory system, how much is Nile.com's cost of goods sold for the sale on May 14? O A. $720 O B. $704 O C. $1,136 OD. $1,440