Latt Da Coffee presents the following information regarding its inventory of coffee beans: July 1: Beginning inventory (119 pounds @ $9.10/pound) July 6: Purchase (162 pounds @ $8.90/pound) July 18: Purchase (131 pounds @ $9.05/pound) July 29: Purchase (154 pounds @ $9.30/pound) A physical count of inventory on July 31 reveals there are 92 pounds of coffee beans on hand. Assuming a periodic inventory system is used, what is its cost of goods sold for July using the average cost method? (When calculating average cost per unit, round your answer to the nearest cent.) (Round your final answer to the nearest dollar. Do not use dollar signs, commas or decimals.)