The inventory data for an item for Nov. are:

Nov. 1	Inventory	20 units at $20
4	Sold	10 units
10	Purchased	30 units at $24
17	Sold	20 units
30	Purchased	10 units at $22

Using the perpetual system, costing by the first-in, first-out method (FIFO), what is the cost of the merchandise inventory of 30 units on Nov 30?

$660

$480

$220

$700