The following information pertains to the inventory of N Company Jan. 1 Beginning inventory Apr. 1 Purchased Oct. 1 Purchased 500 units @ $ 17 3,000 units @ $ 22 1.000 units @ $ 23 During the year. N sold 3,825 units of inventory at $44 per unit and incurred $15,600 of operating expenses. N currently uses the FIFO method but is considering a change to LIFO. All transactions are cash transactions. Assume a 30 percent income tax rate. N started the period with cash of $182,500, inventory of $8,500, common stock of $168,000, and retained earnings of $23.000 What is Cost of Goods Sold under FIFO