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$1.00 accounting

From Business: Accounting , Business: General-Business
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Due on Jul. 03, 2012
Asked on May 31, 2012 at 5:38:50PM

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EVA7777
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Questions Asked: 2
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company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 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 December 31 income statement? (Points : 1)
       $4,000
       $3,750
       $6,750
       $3,500
       None of these is correct