King Costume uses a periodic inventory system. The company started the month with 7 masks in its beginning inventory that cost $8 each. During the month, King Costume purchased 56 additional masks for $10 each. At the end of the month, King counted its inventory and found that 4 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is:

Multiple Choice

• $584.

• $590.

• $32.

• $576.