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

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

Date

Activity

Unit Price

5/1

Beginning Inventory

Quantity 150

Unit price$10

5/5

Purchase

Quantity 200

$12

5/15

Purchase

Quantity 200

$14

5/25

Purchase

Quantity 200

$16

Sales were 570 units at $20.Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

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