Use the following purchase and sales data:   Date           …

Use the following purchase and sales data:   Date                Description                              Units                           price/unit 1/1                   Beginning inventory               1,000                           $8 2/5                   Sale                                         200                              $20 2/15                 Sale                                         300                              $20 3/1                   Purchase                                  500                              $9 9/1                   Purchase                                  500                              $10 11/1                 Sale                                         800                              $20 12/30               Purchase                                  500                              $11        What is the cost of goods sold under perpetual FIFO?