The following information pertains to the inventory of N Company: Jan. 1 Beginning inventory Apr. 1 Purchased Oct.1 Purchased 500 3,000 1,000 units @ $ 17 units @ $ 22 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