TB MC Qu. 7-81 (Algo) The Xu Corporation uses a periodic... 17 The X Corporation uses a periodic inventory system. The company has a beginning inventory of 355 units at $5 each on January 1 Xu purchases 555 units at 54 each in February and 255 units at $6 each in March. There were no additional purchases or sales during the remainder of the quantes Xu sells 355 units during the quarter. I uses the LIFO method, what its cost of goods sold for the first quarter? (Do not round intermediate calculations Round your final answer to the nearest dollar amount) 2017 Choice SS