The following information is available for a company's cost of sales over the last five months.MonthUnits sold Cost of salesJanuary400 $31,000February800 $37,000March1,600 $49,000April2,400 $61,000Using the high-low method, the estimated total fixed cost is:
A. $50,000.
B. $30,000.
C. $100,000.
D. $13,692.
E. $25,000.
Answer: E
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