12.Use the following information to calculate the cost of goods sold, inventory for each question: April 1 - beginning inventory, $1,000 purchased at $8 each April 10 - Purchase #1: 400 units @ $8.75 each April 12 - Purchase #2: 800 units @ $9 each April 18 - Purchase #3: 400 units @ $9.5 each April 20 - Purchase #4: 800 units @ $10.75 each 2500 units were sold. What is the COGS using the LIFO method? (1 Point)