Sandhill Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.

Compute cost of goods sold, assuming Sandhill uses:

Date Transaction Quantity Price/Cost 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale 1/1 Beginning inventory 2,200 3,200 3,700 4,200 3,400 $16 24 40 30