QUESTION 3 Anton Couses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 400 units of inventory that cost $12.00 each and then purchased an additional 600 units of inventory that cost $16.00 each. If Anton sells 700 units of inventory what is the amount of cost of goods sold? $10,400 39,600 O $11,200 $8,400