A company purchased 110 units for $20 each on January 31. It purchased 160 units for $25 each on February 28. It sold 160 units for $70 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.)

A)6200

B) 2200

C) 3450

D)4000