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Vargas Company uses the perpetual inventory method. Vargas purchased 2 , 2 0 0 units of inventory that cost $ 2 3 . 0 0

Vargas Company uses the perpetual inventory method. Vargas purchased 2,200 units of inventory that cost $23.00 each. At a later date the company purchased an additional 2,600 units of inventory that cost $24.00 each. Vargas sold 2,300 units of inventory for $27.00. If Vargas uses a FIFO cost flow method, the amount of cost of goods sold appearing on the income statement will be:

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