Vargas Company uses the perpetual inventory method. Vargas purchased 1,800 units of inventory that cost $19.00 each. At a later date the company purchased an additional 2,200 units of inventory that cost $20.00 each. Vargas sold 1,900 units of inventory for $23.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be:

Multiple Choice

• $34,200.
• $5,700.
• $36,200.
• $7,500.