100 items on hand at a cost of $2.00 each. These items sell for $7.50 each. The following schedule presents the sales and purchases of this item during the month of June. June 3rd - Purchase 105 units at $3.00 each June 11th - Purchase 425 units at $4.00 each June 22nd - Purchase 255 units at $5.00 each June 30th - Sell 740 units Use the FIFO inventory cost flow assumption, what would be the value of cost of goods sold (COGS) on the Income Statement on June 30th