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Lemon company purchased 1 1 0 units for $ 3 0 each on January 3 1 . It purchased 1 5 0 units for $

Lemon company purchased 110 units for $30 each on January 31. It purchased 150 units for $35 each on February 28. It sold 150 units for $50 each from March 1 through December 31. 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 year ending December 31?(Assume that the company uses a perpetual inventory system.)

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