Lowery Company

Lowery Company uses a perpetual inventory system. The following information is available for the month of March:

Mar.	1	On hand, 10 units at $2 each	$20
	4	Sold 8 units for $10 each	80
	22	Purchased 50 units at $4 each	200
	26	Sold 48 units for $10 each	480

If the company uses the LIFO inventory costing method, how much is cost of goods sold for the month of March?

a. $560

b. $204

c. $212

d. $208