Required information [The following information applies to the questions displayed below.] Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.20 each. During the period, the company purchased inventory items as follows: Purchase No. of Items Cost 1 270 $2.70 2 3 185 $2.80 55 $3.20 Glasgow sold 290 units after purchase 3 for $8.70 each. What is Glasgow's cost of goods sold under FIFO?