Anton Company uses the perpetual inventory method. Anton purchased 1,120 units of inventory that cost $5 each. At a later date the company purchased an additional 1,140 units of inventory that cost $7 each. If Anton uses the FIFO cost flow method and sells 1,600 units of inventory, the amount of cost of goods sold will be: Multiple Choice $11,200. 58,000 511,180 $8,960