The Accessories Outlet sells various models of designer handbags. The following information relates to a special category of Coach purses.

Date	Transaction	Quantity	Price / Cost
Jan 1	Beginning inventory	650	$51
Apr 4	Purchase	700	$55
May 20	Sale	1,025	$110
June 2	Purchase	1,850	$66
July 4	Sale	1,300	$115

1. Calculate the Cost Of Goods Sold assuming the company uses a perpetual system and moving average cost formula.

Date	Purchased	Sold	Balance