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Tang Inc. reported the following information for the first month of 2021: Date Details Units Price per unit 1/01/2021 Beginning Balance 3,000 $19 1/04/2021 Purchases

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Tang Inc. reported the following information for the first month of 2021: Date Details Units Price per unit 1/01/2021 Beginning Balance 3,000 $19 1/04/2021 Purchases 5,000 $20 1/11/2021 Purchases 3,000 $24 1/19/2021 Purchases 2,000 $26 1/22/2021 Sales 6,000 $35 1/26/2021 Sales 3,500 $35 If TANG Inc uses a periodic inventory tracking system and the FIFO cost flow assumption, what is its January 2021 Cost of Goods Sold? Note: periodic inventory tracking system implies that the company only accounts for cost of goods sold and ending inventory once at the end of the month. Please only use information provided in question 3 to answer question 3

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