The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of Huang Company: May 1 Balance 6 Sale 8 Purchase 16 Sale 20 Purchase 23 Sale 30 Purchase 25 units at $160 20 units 20 units at $164 10 units 20 units at $168 25 units 15 units at $172 Using the perpetual FIFO method, what amount would be reported by Huang Company for Cost of Goods sold for the month of May? Select one: O A. $9,120 O B. $8,980 C. $8,920 D. $8,960