Anton Co. uses the perpetual inventory system and FIFO cost flow method. During the year, Anton purchased 480 units of inventory that cost $5 each and then purchased an additional 660 units of inventory that cost $10 each. If Anton sells 800 units of inventory, what is the amount of cost of goods sold?
A. $8000
B. $4000
C. $7400
D. $5600
Answer: D
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