Refer to the inventory cost shown below for Product D. The company values its inventory using First In First Out (FIFO) methods. Product D Inventory purchase Inventory sold Cost per Date Units Total cost Date Units unit 1-Jan 300 5 1500 1-Mar 550 19 4950 1-Nov 1450 10 4500 1-Dec 500 Inventory on hand at 31 December: 800 What is the cost of goods sold on 1-Dec