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

220

$12

5/15

Purchase

290

$14

5/25

Purchase

250

$16

Sales were 470 units at $20.Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.