The Acme Corporation uses a periodic inventory system and buys 450 units of merchandise in January at $7 each. Acme buys 700 units at $6 each in February and 300 units at $8 each in March. The company had no beginning inventory. Acme sells 500 units during the quarter. If Acme uses the LIFO method, what is its cost of goods sold for the quarter? $3, 500 $3, 400 $3, 600 $4, 000