Strods Company reported the following purchases and sales for its only product. Strods uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning Inventory 340 units @ $19

5 Purchase 315 units @ $21

10 Sales 235 units @ $29

15 Purchase 195 units @ $22

24 Sales 185 units @ $30

1.$8140

2.$8360

3.$8350

4.$9015

5.$9005