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Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 900 units of inventory that cost

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Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 900 units of inventory that cost $10 each. At a later date during the year, the company purchased an additional 1,300 units of inventory that cost $11 each, Vargas sold 1,000 units of inventory for $14. What is the amount of cost of goods sold that will appear on the current year's income statement? Multiple Choice - $3.900 $9,000 a $3,000

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