Gingerbread, Corp. presents the following information for inventory purchases and sales throughout the month of December. The company uses LIFO Perpetual Method for inventory.  DATE TRANSACTIONS UNITS UNIT COST December 1 Beginning inventory  1,000 $1.00 December 5 Sale 500   December 20 Purchase 1,000 $1.10 December 31 Sale 500   Cost of goods sold for the month of December is ?

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