King Costume uses a periodic inventory system. The company started the month with 12 masks in its beginning inventory that cost $15 each. During the month, King Costume purchased 54 additional masks for $17 each. At the end of the month, King counted its inventory and found that 8 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is: Multiple Choice $120. $978. $978. $986. $962