Could you please help me do the accounting to find the correct answer to this equation? Please see attached thank you.

Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds that was purchased on July 9. Using perpetual specic identication, its Cost of Goods Sold is Click the answer you think is right. $500 $600 $1,200 $1,100 $550 5 . . . n E Road about this