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Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January. Date Activity

Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January.

Date Activity Units

Purchase Price (per unit)

Sale Price (per unit)
Jan. 01 Beg. Inventory 110 $4.75
Jan. 07 Purchase 1 460 $5.5
Jan. 16 Sale 1 330 $9.45
Jan. 24 Purchase 2 580 $5.65
Jan. 30 Sale 2 290 $11

Using the LIFO inventory method calculate the total cost of goods sold for the month. Please round total cost to nearest whole dollar.

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