Lime company purchased 200 units for $40 each on January 31. It purchased 95 units for $50 each on February 28. It sold 150 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.) $12,750 O $6950 $8000 $4750