Zimt AG started business in 2007 and uses the FIFO inventory method. During 2007 it purchased 45,000 units of inventory at 10 each and sold 40,000 units for 20 each. In 2008 it purchased another 50,000 units at 11 each and sold 45,000 units for 22 each. Its 2008 COGS (in thousands) is closest to

A. 440

B. 450

C. 490

D. 495