Johnson Fashion Inc. sells socks. During January 2014, its inventory records for one particular brand of socks were as follows:

Quantity Price per pair Total

Beginning Inventory 6 pairs $18 =$108

January 6 Purchase 3 pairs $16 =$48

January 10 Sale 5 pairs NA

January 15 Purchase 8 pairs $15 =$120

January 20 Sale 10 pairs NA

January 25 Purchase 4 pairs $22 =$88

Using this information, perpetual LIFO cost of goods sold is

A. $240

B. $246

C. $171

D. $242