For the answer B below do you know how or where they got 500 from? The question is in yellow below

2. Assume FIFO inventory accounting. 16. At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16 per unit to produce. During February the company produced 850 units at a cost of $19 per unit. If Higgins sold 1, 100 units in February, what was its cost of goods sold? 1. Assume average cost inventory accounting. 2. Assume FIFO inventory accounting.a. Cost of goods sold on 1, 100 units (Average Cost Inventory) New inventory: Quantity (Units)... 850 Cost per unit..... $19 Total........ $16,150 19 1870 Old inventory: Quantity (Units) ............ 600 Cost per unit.......". $16 Total. .. .............:.:" $ 9,600 Coco x (co Total Cost of Goods $25,750 9 Gout 16 150 Average Cost per unit (25,750/1,450 units) = $17.758 Cost of Units Sold (1,100 units * $17.758) = $19,534 boassume FiFonuathy acconting b. Cost of goods sold on 1,100 units (FIFO) Old inventory: Quantity (Units). 600 Cost per unit.... $16 Total. $ 9,60040 yl6 New inventory: Quantity (Units). 500 Cost per unit...... $19 Total............. $ 9,500 30 x19 Total Cost of Goods Sold.. .... $19,100 9 560 9400