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Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: 5/1 Beginning Inventory QTY:

Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

5/1 Beginning Inventory QTY: 100 Unit Price: $10

5/5 Purchase QTY: $190 Unit Price: $12

5/15 Purchase QTY: $260 Unit Price: $14

5/25 Purchase QTY: $280 Unit Price: $16 Sales were 460 units at $20.

Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

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