Granada Company has the following purchase and sales data. Note: There was no inventory before the purchase made on January 1. Purchased on January 1 - 50 units, $9 cost per unit Purchased on January 16 - 150 units, $8 cost per unit Purchased on January 25 - 200 units, $7 cost per unit Sold on January 31 - 225 units, $15 selling price per unit Assume that the company uses "LIFO". Compute COST OF GOODS SOLD for January O $1,600 O $1.550 O $1.334 O $1.225 O $1.825 O $1.775 Question 3 1 pts Using the data below, compute NET INCOME. $2001 sool Beginning Retained Earnings Ending Retained Earnings Dividends Total Expenses 1001 16001 O $2.100 O $2.200 O $2.300 O $600 O $700 O $500