A company had the following purchases and sales during its first year of operations: 
On December 31,there were 26 units remaining in ending inventory.Using the Perpetual FIFO inventory valuation method,what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
Definitions:
Elastic Demand Curves
Demand curves that show a significant change in quantity demanded when prices change, indicating sensitivity to price alterations.
Monopolistic Competitors
Firms in a market structure characterized by many sellers offering products that are similar but not identical, leading to non-price competition.
Large Firms
Entities that operate on a grand scale across various sectors, typically characterized by significant market share, extensive operations, and high revenue.
Average Total Cost Curve
A graphical representation in economics showing the average total cost of production at different levels of output.
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