Assume Oakland.net began November with 16 units of inventory that cost a total of KD 256.

During the month of November Oakland purchased and sold goods as follows:

November 8: Purchase of 48 units @ KD 17 each

November 14: Sale of 40 units @ KD 34 each

November 22: Purchase of 32 units @ KD 19 each

November 27: Sale of 48 units @ KD 34 each

Under the FIFO inventory costing method and the perpetual inventory system, how much is

Oakland's ending inventory for the month of November?

Select one:

a. KD 396

b. KD 384

c. KD 408

d. KD 152