A Company Purchased 100 Units for $20 Each on January

Multiple Choice

A company purchased 100 units for $20 each on January 31.It purchased 100 units for $30 on February 28.It sold 150 units for $45 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 December 31 income statement?

A) $4,000
B) $3,750
C) $6,750
D) $3,500