Question: Anton Co. uses the perpetual inventory method. Anton purchased 960 units of inventory that cost $5 each. At a later date the company purchased an

Anton Co. uses the perpetual inventory method. Anton purchased 960 units of inventory that cost $5 each. At a later date the company purchased an additional 1,020 units of inventory that cost $7 each. If Anton uses the FIFO cost flow method and sells 1,400 units of inventory, the amount of cost of goods sold will be:

A) $9,800.

B) $7,880.

C) $7,000.

D) $9,740.

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