QUESTION 18 ClackCo. a 20x1 start-up, uses the periodic method and UFO costing. The company purchases merchandise as follows: 20X1 Units Unit cost March 150 80.00 August 660 20X2 February LO 200 00 in 20X1, ClackCo sells 750 units. At year-end 20x2 there are 500 units on hand, ClackCo's income statement for the year ended December 31, 200 www.COGS 52.350 $2,250 $1,650 52,850 51,525