A Company Purchased 200 Units for $40 Each on January

Multiple Choice

A company purchased 200 units for $40 each on January 31.It purchased 165 units for $50 each on February 28.It sold 225 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.)

A) $10,650
B) $8,250
C) $8,000
D) $16,250