A company purchased $4,400 worth of merchandise. Transportation costs were an additional $385. The company returned $305 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost of this merchandise is: Grays Company has inventory of 23 units at a cost of $11 each on August 1. On August 3, it purchased 33 units at $9 each. 25 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 25 units that were sold