FAD Company uses a periodic inventory system and its inventory records for the period contain the following information:
Beginning inventory (75 units @ $50/unit)
Purchases (150 units @ $50/unit)
Ending inventory (125 units @ $50/unit)
What is the amount of cost of goods sold that would be recorded as part of the end-of-period adjustment?
(A) $6,250
B $11,250
(C) $5,000
D $7,500