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 @ $34 each

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

Oakland's cost of goods sold for the sale on November 27?

Select one:

a. KD 912

b. KD 768

c. KD 816

d. KD 864