Character Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of nine units at $6 per unit. The company purchased three units at $8 per unit in February, sold five units in October, and purchased three units at $9 per unit in December. If Character Company uses the LIFO method, what is the cost of goods sold for the year?

Multiple Choice

• $69

• $105

• $36

• $27