Sunland Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Beginning inventory 39 units @ $38 per unit Jul 7 Purchases 89 units @ $58 per unit Jul 8 Sales 69 units Jul 9 Sales 44 units Jul 10 Purchases 69 units @ $41 per unit Jul 22 Sales 59 units Total cost of goods sold for the month of July is h. O $11000. $11069 $8705. O $8448