A Company Purchased 110 Units for $20 Each on 31

Multiple Choice

A company purchased 110 units for $20 each on 31 January.It purchased 200 units for $25 each on 28 February.It sold 200 units for $50 each from 1 March to 31 December.If the company uses the first-in,first-out inventory costing method,what is the amount of cost of sales on the income statement for the year ending 31 December? (Assume that the company uses a perpetual inventory system. )

A) $5000
B) $4450
C) $7200
D) $2200