Fine Wine Company uses a perpetual inventory system and has the following opening inventory, purchases and sales of inventory in April Units Unit Cost Total Cost Beginning Inventory, April 1 8000 $11 588,000 Purchase. Apr 9 12.000 $12 $144,000 Sale, Apr 12 15.000 2 $13 $65,000 Purchase, Apr 18 5,000 Using the above data, the Cost of Goods Sold under FIFO is $174,000 $172.000 $185.000 $177,000