Lime company purchased 400 units for $40 each on January 31, it purchased 135 units for $50 each on February 28, it sold 200 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.) 59350 $6750 $22.750 $16.000