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Lime company purchased 3 0 0 units for $ 3 0 each on January 3 1 . It purchased 1 2 0 units for $

Lime company purchased 300 units for $30 each on January 31. It purchased 120 units for $40 each on February 28. It sold 175 units for $55 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.)

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