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: Multiple Choice $50,600. $53,000. 59100 $6,900