Tk Test A company purchased 300 units for $40 each on January 31. It purchased 125 units for $50 each on February 28. It sold 175 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.) A. $6,250 OB. $18,250 Oc. $12.00 OD. $8,250