A company purchased 400 units for $30 each on January 31. It purchased 135 units for $40 each on February 28. It sold 200 units for $55 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.) OA. $7,350 OB. $5,400 O c. $12,000 OD, $17,400 Better Deals, Inc. has 9 units in inventory on December 31. The units were purchased in November for $160 each. The price lists from the suppliers indicate that the same items would now cost the company a total of $1,485. What would be the amount reported as ending Merchandise Inventory on the balance sheet? A. $1,485 ( B. $325 Oc. $2,925 D. $1,440