A company purchased 100units for $20 each on January 31. It purchased150 units for $35 each on February 28. It sold 150

units for

$50

each from March 1 through December 31. If the company uses the

weightedaverage

inventory costing method, calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31. (Assume the company uses the perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)

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Part 1

A.

$4,350

B.

$7,250

C.$5,250