Headland Company is a multiproduct firm that uses the perpetual inventory system. Presented below is information concerning one of its products, the Hawkeye.

Date		Transaction		Quantity		Price/Cost
Jan. 1		Beginning inventory		960		$14
Feb. 4		Purchase		1,920		20
Feb. 20		Sale		2,400		36
Apr. 2		Purchase		2,880		25
May 4		Sale		2,112		39

(a)

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Compute cost of goods sold under FIFO.

Cost of goods sold		$
Ending inventory		$