Nordic Industries uses a periodic inventory system. During its first month of operations, Nordic Industries purchased inventory as follows: Units Unit CostTotal CostJanuary 3150 $15 $2,250 January 12200 20 4,000 January 20250 20 5,000 January 25300 30 9,000 900 $20,250 There were 100 units in ending inventory on January 31.Under the LIFO cost method, what is the cost of goods sold for January?
A. $18,000
B. $18,750
C. $17,250
D. $19,500
Answer: B
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