Charter Company, which uses the perpetual inventory method, purchases different letters for resale. Character had a beginning inventory comprised of seven units at $3 per unit. The company purchased four units at $5 per unit in February, sold nine units in October, and purchased four units at $6 per unit in December. If Charter Company uses the LIFO method, what is the cost of goods sold for the year?

Multiple Choice

$65

$50

$35

$30