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Farley Corporation begins the year with a beginning inventory of 3,700 units at $5 per unit. The company buys 5,700 units at $4 each in

Farley Corporation begins the year with a beginning inventory of 3,700 units at $5 per unit. The company buys 5,700 units at $4 each in February and 2,700 units at $6 each in March. Farley sells 1,300 units during this quarter. Farley has a perpetual inventory system and uses the FIFO inventory costing method. 

What is the cost of goods sold for the quarter?

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