Malcom, Inc. had the following balances and transactions during 2017:

Beginning Merchandise Inventory as of January 1, 2017	150 units at $81
March 10	Sold 60 units
June 10	Purchased 270 units at $85
October 30	Sold 210 units

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used?

Group of answer choices

$12,150

$17,490

$35,100

$22,350