Accounting I14) The Wil. E. Coyote Business starts the year with a beginning inventory of 450 unitsat $20 per unit. The company purchases 575 units at $34 each in February and 500units at $21 each in October. For this year, WEC sells 225 units during the year. WEChas a periodic inventory system and uses the FIFO inventory costing method. What isthe amount of cost of goods sold?$4,725$4,500$4,759$7,650