Question 10 0.5 pts Lemon company purchased 90 units for $20 each on January 31. It purchased 160 units for $35 each on February 28. It sold 160 units for $80 each from March 1 through December 31. If the company uses the first-in. first-out inventory costing method, what is the amount of Cost of Goods Sold on the Income statement for the year ending December 317 Assume that the company uses a perpetual inventory system.) $1800 O $7400 O $4250 O $5600