QUESTION 22 Reference: 07-01 Shillings had the following inventory activity during April: Units Unit cost Beginning inventory 800 $10.00 Purchase: April 4 1,400 11.00 Sale: April 8 Purchase: April 12 1900 10.50 Sales: April 24 (900) Total cost $8,000 15,400 1,500) 19,450 If Shillings is using a perpetual system and the FIFO costing assumption, what is the cost of goods sold closest to? $25,500 $22,400 $25,930 $25,700