Kent Company uses the perpetual inventory method. On January 1, 2019 Kent purchased 300 units of inventory that cost $1.00 each. On January 10, 2019 the company purchased an additional 400 units of inventory that cost $1.50 each. If Kent uses a weighted average cost flow method, and sells 400 units of inventory, the amount of cost of goods sold appearing on the income statement will be (round to two decimal places): a. $500. b. $600. c. $450. O d. $516