Inventory records for ABC revealed the following:

Date

Transaction

Number of Units

Unit Cost

Apr.

$1$

Beginning Inventory

$500$

$

$2\mathrm{.}40$

Apr.

$20$

Purchase

$400$

$2\mathrm{.}50$

ABC sold $700$ units of inventory during the month. Cost of goods sold assuming weighted$-$average cost would be: $($Round weighted$-$average unit cost to $4$ decimals$)$