Given the following information, determine the cost of goods sold at December 31 using the LIFO periodic inventory method. December 2: 10 units were purchased at $7.50 per unit. December 9: 15 units were purchased at $9.90 per unit. December 11: 17 units were sold at $35.50 per unit. December 15: 25 units were purchased at $10.65 per unit. December 22: 23 units were sold at $35.50 per unit.

rev: 02_26_2015_QC_CS-9016

(A) $391.80

(B) $489.75

(C) $454.75

(D) $383.25

(E)$414.75