Beeson Co. has the following information regarding its dishwasher inventory in the first quarter of 2013:

Beginning inventory on 1/1/2013	45 units	each cost $500
Sale on 1/19/2013	40 units	each sold for $800
Purchase on 2/15/2013	30 units	each cost $550
Purchase on 3/11/2013	20 units	each cost $600
Sale on 3/31/2013	35 units	each sold for $800

What should be the cost of goods sold in the first quarter if Beeson uses perpetual inventory system and FIFO?

$39,500

41,000

38,500

39,000