The following information pertains to the inventory of N Company: Jan. 1 Apr. 1 Oct. 1 Beginning inventory Purchased 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