The following selected financial information relates to Denver Company's beginning inventory. inventory purchases, and sale of inventory for 2016. 01/01/2016 Beginning 15 units @ $24 $ 360 inventory 05/31/2016 First purchase 20 units $25 500 09/26/2016 Second purchase 10 units @ $26 260 Total 45 units $ 1,120 11/04/2016 Sales 40 units @ $44 $1,760 What is the cost of goods sold using the LIFO cost flow method?