Elsa Inc. starts the year with a beginning inventory of 390 units at $14 per unit. Elsa Inc. purchases 545 units at $22 each in February and 380 units at $15 each in October. Elsa Inc. sells 195 units during the year. Elsa Inc. has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold?

• $4,290

• $2,959

• $2,730

• $2,925