Lemon company purchased 200 units for $30 each on January 31. It purchased 220 units for $33 each on February 28. It sold a total of 340 units for $45 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first-in, first- out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system.) O $2400 O $2640 O $720 O $1680 Lemon company purchased 90 units for $20 each on January 31. It purchased 160 units for $35 each on February 28. It sold 160 units for $80 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.) $7400 $1800 $4250 O $5600 Lime company purchased 300 units for $40 each on January 31. It purchased 300 units for $30 each on February 28. It sold a total of 370 units for $100 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) $13,800 $230 $6900 O $9200 Lime company purchased 400 units for $40 each on January 31. It purchased 160 units for $50 each on February 28. It sold 225 units for $65 each from March 1 through December 31. If the company uses the last-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.) $8000 $16,000 O $10,600 $24,000