Anton Co. uses the perpetual inventory method. Anton purchased 520 units of inventory that cost $8 each. At a later date the company purchased an additional 690 units of inventory that cost $10 each. If Anton uses the FIFO cost flow method and sells 850 units of inventory, the amount of cost of goods sold will be:
A. $8500.
B. $8420.
C. $7460.
D. $6800.
Answer: C
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