Sales during the year were $500$ units. Beginning inventory was $250$ units at a cost of $$5$ per unit. Purchase $1$ was $400$ units at $$6$ per unit. Purchase $2$ was $200$ units at $$7$ per unit.

Cost of goods sold under the FIFO cost flow assumption $($using a periodic inventory system$)$ was:

Multiple Choice

$$3,200.$

$$2,300.$

$$2,750.$

$$3,650.$