A company purchased 200 units for $40 each on January 31. It purchased 200 units for $30 each on February 28. It sold a total of 250 units for $100 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.)
A) $4,500
B) $9,000
C) $6,000
D) $150
C) $6,000
Business
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