Phil is considering a different way to record his stock and wants to know the impact. Using the relevant information from the stock card that was partially completed calculate the Cost of Good Sold for the period assuming a Periodic First In, First Out method had been used. The selling price for each item is $270 and a stock take at the end of the month revealed 2 units on hand.

Date	In			Out			Balance
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total
Bal July Aug Sept Oct Nov Dec Jan Feb Mar April June	4 10 4 2 3	122 115 127 130 132.50	488 1150 508 260 397.50	10 6 8 4 3 1	110 118 115 123 126.50	1100 708 920 492 379.50	12 ------------ 2 ------------ 6 ------------ 0 ------------ 10 ------------ 2 ------------ 6 ------------ 2 ------------ 4 ------------ 1 ------------	110 ------------ 110 ------------ 118 ------------ ------------ 115 ------------ 115 ------------ 123 ------------ 123 ------------ 126.50 ------------ 126.50 ------------	1320 ---------- 220 ---------- 708 ---------- ---------- 1150 ---------- 230 ---------- 738 ---------- 246 ---------- 506 ---------- 126.50 ----------
				32