SHORT ANSWER June Beginning inventory 10 units @ $120 Purchase 60 units @ $112 14 Sale 40 units 21 Purchase 30 units @ $116 30 Sale 28 units Q Zoom Use the inventory information for the month of June in the attachment to answer the question below. Assuming that a periodic inventory system is used, what is cost of goods sold on a FIFO basis? (Round the answer to the nearest dollar.)