Exercise 1 Sal's Sunglasses is a sunglass retailer located in Charleston, South Carolina. Sal opened the store in September of last year. Right now, it is just the one location but he may expand in the next couple of years depending on whether he can make good money or not. January has come along and Sal needs to calculate his cost of goods sold for the previous year, which he will do using the FIFO method. Here is what his inventory costs are: Month Amount Price Paid September 200 sunglasses $200.00 per October 275 sunglasses $210.00 per November 300 sunglasses $225.00 per December 500 sunglasses $275.00 per Sal sold 600 sunglasses during this time, out of his stock of 1275. Question: Going by the FIFO method, Calculate the COGS