! Required information [The following information applies to the questions displayed below.] Singleton Company's perpetual inventory records included the following information: Date January 1 March 4 September 28 Beginning inventory Purchase Purchase Number of units and unit cost 250 units @ $9 200 units @ $14 450 units @ $11 Number of units sold during the year: 670 If Singleton uses the FIFO cost flow method, its cost of goods sold would be $7,360. True or False True False Total cost $2,250 $2,800 $4,950