A compony purchased 110 units for \$40 each on January 31 . It purchased 160 units for $25 each on February 28 . ft seld 160 units for 570 each from March 1 through December 31 If the company uses the first - in, fint - eut inventory costing method, what is the amount of Cost of Goods Sold on the incotne statement for the year onding December 31 ? (Assume: thas the company uses a perpelual inventory system ) A. 54,400 B. 35,650 C. $8,400 D. $4.000