Idaho Great Outdoors accounted for its inventory using the periodic system and had the following information relating to its inventory in June. Use the information to answer the following three questions:

Purchase Record:

June 1, beginning Inventory: 70 units @ $19.50

June 5, purchase 150 units @ $19.00

June 18, purchase 25 units @ $20.00

June 23, purchase 60 units @ $20.30

Sales Record:

June 12, sell 100 units @$30

June 26, sell 140 units @30

12. Assuming that the company uses the FIFO method of accounting for inventory, what is the companys cost of goods sold for June?