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9.Grand Forks uses a perpetual inventory system. Information about inventory is contained in the table below. Inventory is sold for $5.00 per unit. Date Number

9.Grand Forks uses a perpetual inventory system. Information about inventory is contained in the table

below. Inventory is sold for $5.00 per unit.

Date

Number of Units

Unit Cost

Total Cost

January 01

Beginning Inventory

2,000

$2.00

$4,000

January 10

Sales

1,200

January 15

Purchases

4,000

$2.25

$9,000

January 20

Sales

2,500

January 25

Purchases

5,000

$2.40

$12,000

January 30

Sales

6,000

Determine the cost of goods sold for the January 20th sale assuming that the company uses the LIFO cost flow method.

A.$5,425.

B.$5,850.

C.$5,625.

D.$5,725.

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