11 During 2021, Cinnamon Buns Co. (CBC) recorded the following transactions relating to its inventories (listed in chronological order) 01:50:29 January 1 Beginning inventory 70 units @ $55 May 10 Purchase 40 units @ $60 July 22 Sale 90 units @ 105 November 3 Purchase 70 units @ $65 14 CBC uses the perpetual LIFO method to account for its inventory, its cost of goods sold for the year ended at December 31, 2021 should be: Multiple Choice $5,050 $5,150 $5,750 $9,450