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A company purchased 200 units for $40 cach on Jawuary 31. It purchased 165 units...

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A company purchased 200 units for $40 cach on Jawuary 31. It purchased 165 units for $50 cach on February 28 . It sold 225 units for $65 cach from March I through December 31. If the company uses the last-in, first-out (LIFO)inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31 ? (Assume that the company uses a perpetual inventory system.) A) $10,650 B) 58,250 C) $8,000 D) $16,250

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