Use the following to answers questions 16 through 20:

The following inventory information is available for Neptune Company for December:

	Units	Unit cost	Total cost
Beginning inventory	5	$18	$90
December 9 purchase	10	22	220
December 16 sale	14
December 20 purchase	10	24	240
December 26 sale	5

Assuming Neptune Company uses the periodic inventory system,total cost of goods sold for December under LIFO costing would be:

$412

$438

$418

$406