Baldwin, Inc. had the following balances and transactions during 2019:

Beginning Merchandise Inventory as of January 1, 2019	100 units at $81
March 10	Sold 80 units
June 10	Purchased 200 units at $85
October 30	Sold 180 units

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the

firstin,

firstout

inventory costing method are used?

A.

$8,100

B.

$21,700

C.

$15,220

D.

$25,100