A company's inventory records report the following in November of the current year: Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 5 units @ $52 = $260 November 2 Purchase 10 units @ $54 = $540 November 8 Sales 12 units @ $86 November 12 Purchase 6 units @ $57 = $342 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?