Required information The following information applies to the questions displayed below.] Singleton Company's perpetual inventory records included the following information: Date Number of units and unit cost January 1 March 4 Beginning inventory Purchase September 28 Purchase 360 unite $15 310 units $24 670 units $17 Number of units sold during the year: 1,000 If Singleton uses the FIFO cost flow method, its cost of goods sold would be $18,340. True or False True False Total cost $ 5,400 $ 7,440 $11,390