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 FIFO inventory costing method, how much is cost of goods sold for March? a. $204 b. $208 c. $212 d. $560