Lewis, Inc. had the following balances and transactions during 2016:

Beginning Merchandise Inventory	120 units at $84
March 10	Sold 40 units
June 10	Purchased 240 units at $86
October 30	Sold 140 units

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2016 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round the unit costs to two decimal places and total costs to the nearest dollar.)

| Purchases | Cost of Goods Sold | Inventory on Hand

Date	Quant	Unit Cost	Total Cost	Quant	Unit Cost	Total Cost	Quant	Unit Cost	Total Cost
Jan. 1
Mar. 1
Jun. 10
Oct. 30
Totals