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25) A company purchased 100 units for $30 each on January 31. It purchased 150 units for $25 on February 28. It sold 150 units

25) A company purchased 100 units for $30 each on January 31. It purchased 150 units for $25 on February 28. It sold 150 units for $50 each from March 1 through December 31. If the company uses the first-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.) 25) ______ A) $4,000 B) $6,750 C) $4,250 D) $3,000

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