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Lime company purchased 200 units for $40 each on January 31. It purchased 125 units...

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Accounting

Lime company purchased 200 units for $40 each on January 31. It purchased 125 units for $50 each on February 28. It sold 175 units for $65 each from March 1 through December 31. If the company uses the last-in, first-out 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.)
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