Anton CoUses the Perpetual Inventory Method

question 27

Multiple Choice

Anton Co.uses the perpetual inventory method.Anton purchased 400 units of inventory that cost $12.00 each.At a later date the company purchased an additional 600 units of inventory that cost $16.00 each.If Anton uses the FIFO cost flow method and sells 700 units of inventory,the amount of cost of goods sold will be:

• A)$11,200.
• B)$10,400.
• C)$8,400.
• D)$9,600.