Alex Company had the following information regarding its Inventory for its first quarter.

DateActionQuantityUnit Cost

1/1100 units$30

2/28Purchase150 units$25

3/31Sale150 units

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 first quarter? (Assume that the company uses a perpetual inventory system.)

Select one:

a.$3,000

b. $6,750

c. $4,250

d. $4,000