Baker & Company experienced the following events in March: Date Event Units Unit Cost Total Cost Mar. 1 Purchased inventory 100 @ $16 $1,600 Mar. 3 Sold inventory 60 Mar. 15 Purchased inventory 100 @ $17 1,700 Mar. 20 Sold inventory 40 If Baker & Company uses the LIFO method, what is the company's cost of goods sold as of March 31 assuming the perpetual method?

Select one: A. $1,600 B. $1,640 C. $1,900 D. $3,300