Easton Company uses the periodic inventory system and had the following

inventory & sales activity for the month of May 2019:

Date……….Activity…………………….Quantity…………..Unit Price

5/1……Beginning Inventory…………..130…………………..$10

5/5………….Purchase…………………..240……………………$12

5/15………..Purchase……………………260…………………..$14

5/25………..Purchase……………………260……………………$16

Sales were 470 units at $20. Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

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