Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 1,600 units of inventory that cost $17 each. At a later date during the year, the company purchased an additional 2,000 units of inventory that cost $18 each. Vargas sold 1,700 units of inventory for $21. What is the amount of cost of goods sold that will appear on the current years income statement? Multiple Choice

A$29,000

B$27,200

C$5,100

D$6,700