A company purchased 200 units for $40 each on January 31. It purchased 125 units for $50 each on February 28. It sold 175 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. $8,250 B. $8,000 C. $14,250 D. $6,250