Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold goods as follows:

June 8	Purchase	42 units @ $15
14	Sale	60 units @ $40
22	Purchase	28 units @ $25
27	Sale	42 units @ $40

Under the FIFO inventory costing method, how much is Red Rovers cost of goods sold for the sale on June 14?

$510

$2,400

$1,004

$936

After the sale on June 14, what is Red Rovers cost of the merchandise inventory on hand, assuming that Red Rover uses LIFO? (Reference Question 3 information.)

A. $510

B. $578

C. $900

D. $2,400