Culver Ltd., which uses a perpetual inventory system, recorded the following inventory transactions for this year: Purchases Sales Units Unit Cost Units Selling Price/Unit Apr 1 Beginning inventory 105 $18 25 Purchase 315 20 May 4 Purchase 145 22 22 16 Sale 255 $34 Jun 4 Purchase 115 26 (a) Using the FIFO cost formula, calculate the cost of goods sold for the quarter ended June 30. Cost of goods sold $