Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 1,400 units of inventory that cost $15 each. At a later date during the year, the company purchased an additional 1,800 units of inventory that cost $16 each. Vargas sold 1,500 units of inventory for $19. What is the amount of cost of goods sold that will appeat on the current year's income statement? Multiple Cholce $22.600 55,900 54.500 $21,000