Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 300 qts. @ $2.40 per quart on April 1. Purchases: Apr. 10 500 qts 400 qts @ @ $ 2.50 $ 2.65 Sales: Apr. 3 Apr. 26 200 qts 300 qts Apr. 20 The cost of goods sold for April assuming weighted-average cost and a perpetual inventory system is: (Round your final answer to nearest whole dollar amount.) 0 $1,575. $1,785 O $1,580 0 $1,245