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

Date...............Activity..................Quantity..............Unit Price

5/1.........Beginning Inventory........100......................$10

5/5................Purchase..................200......................$12

5/15..............Purchase...................220....................$14

5/25..............Purchase..................225......................$16

Sales were 540 units at $20.Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.