Rabasto Company began business on January 1, 20X1. During 20X1 and 20X2 the firm made the following purchases:

20X1:

January 7 150 units @ $4.00

February 9 100 units @ $4.20

April 29 250 units @ $4.40

July 21 200 units @ $4.40

September 4 160 units @ $4.50

November 12 140 units @ $4.60

20X2:

January 27 200 units @ $4.70

March 17 1,200 units @ $4.80

August 9 800 units @ $4.76

December 4 120 units @ $4.72

During 20X1, the firm sold 720 units. During 20X2, the firm sold 2,400 units.

Using FIFO, what is Cost of Goods Sold in 20X2, the second year? Note: Dont forget that ending inventory for 20X1 becomes beginning inventory of 20X2.

$3,212.00

$3,090.00

$947.20

$810.00

$1,152.00

$1,274.00

$11,401.20

$11,416.40