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Multiple Choice $14,500. $3,600. $4,700. $13,200

Vargas Company uses the perpetual inventory method. Vargas purchased 1,100 units of inventory that cost $12.00 each. At a later date the company purchased an additional 1,500 units of inventory that cost $13.00 each. Vargas sold 1,200 units of inventory for $16.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be: Multiple Choice o o o o $14,500. $3,600. $4,700. $13,200.