3. Sea Company had the following inventory purchases and sales during the month of May. The company uses the perpetual inventory method. Date 5/1/2009 5/5/2009 5/15/2009 5/20/2009 5/30/2009 Units 100 200 100 150 160 Purchases Unit Price $3.8 $5 $6 $7 $8 Total $380 $1,000 $600 $1,050 $1,280 Date 5/10/2009 5/18/2009 5/29/2009 Units 120 275 155 Sales Unit Price $10 $11 $11 Total $1,200 $3,025 $1,705 What is cost of goods sold on 18th of May under LIFO? (3 Points)