TB MC Qu. 05-122 (Algo) A company's inventory... A company's inventory records report the following in November of the current year: Date Activities November 1 Beginning inventory November 2 Purchase Sales Purchase November 8 November 12 Units Acquired at Cost 5 units $46 - $230 10 units @ $48 - $480 Units Sold at Retail 12 units @ $80 6 units @ $51 - $306 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? Multiple Choice $514 $572