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Lime company purchased 300 units for $20 each on January 31. It purchased 135 units for $30 each on February 28. It sold 200 units
Lime company purchased 300 units for $20 each on January 31. It purchased 135 units for $30 each on February 28. It sold 200 units for $45 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.) $5350 O $6000 O $10,050 O $4050
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