9). Vargas Company uses the perpetual inventory method. Vargas purchased 400 units of inventory that cost $22.00 each. At a later date the company purchased an additional 800 units of inventory that cost $26.00 each. Vargas sold 500 units of inventory for $34.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be: A. $8,800. B. $5,600. C. $11,400. D. $13,000.