Restoration Company has the following inventory transactions for January:

Opening Inventory January 1st 4,000 units @ $15 Purchase #1 January 10th 9,170 units @ $13 Purchase #2 January 15th 6,000 units @ $12 Sale #1 January 20th 16,170 units @ $20 Purchase #3 January 25th 2,000 units @ $11

QUESTION Required 1: What is the cost of goods sold for January if the company uses the FIFO periodic inventory method? $