Cruiser Video was involved in the following transactions during August concerning DVD players:
August 1 beginning inventory10 @ $60,
August 10 Purchased 5 @ $64,
August 15 Sold 12 for $80 per unit,
August 28 Purchased 5 @ $66,
Calculate the cost of sales of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system.
1. $960
2. $810
3. $770
4. $760