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Roma Company uses the Periodic Inventory System. It reported the following transactions for the month of July 2021: Date Transaction # of Cost / Price

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Roma Company uses the Periodic Inventory System. It reported the following transactions for the month of July 2021: Date Transaction # of Cost / Price Total Cost/ units per unit ($) price ($) 1/7 Beginning 200 800 Inventory 4 5/7 Purchase 500 5 2500 7/7 Sale 400 8 3200 15/7 Purchase 500 5.5 2750 22/7 Sale 350 8 2800 30/7 Purchase 200 6 1200 If the company uses FIFO to value its inventory. Calculate the value of Cost of goods sold for July, 2021

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