B&C Bookstore had 520 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows:

Purchases and Sales

Date	Purchases	Sales
Jan. 14		385 @ $14
Jan. 17	280 @ $10
Jan. 25	280 @ $12
Jan. 29		240 @ $17

B&C maintains perpetual inventory records. According to a physical count, 455 units were on hand at January 31. The cost of goods sold, under the FIFO method is:

1: 4,095

2: 4,975

3: 5,460

4:5,730