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A company purchased 300 units for $20 each on January 31 . It purchased 95 units for $30 each on February 28 . It sold
A company purchased 300 units for $20 each on January 31 . It purchased 95 units for $30 each on February 28 . It sold 150 units for $45 each from March 1 unougi1 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 yoar ending December 31 ? (Assume that the company uses a perpetual inventory system.) A. $6,000 B. $8,850 C. 53,950 D. $2.850
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