Anton Co. uses the perpetual inventory method. Anton purchased 640 units of inventory that cost $5 each. At a later date the company purchased an additional 780 units of inventory that cost $7 each. If Anton uses the FIFO cost flow method and sells 1,000 units of inventory, the amount of cost of goods sold will be: Multiple Choice $7,000. $5,720. $5,000. $6,860