The inventory records for Hugo Co. reflect the following:

Beginning Inventory @ May 1 1,900 units @ $2.70

First Purchase @ May 7 1,900 units @ $2.80

Second Purchase @ May 17 2,200 units @ $3.00

Sales @ May 31 4,300 units @ $3.70

3. Determine Hugo's cost of goods sold for May assuming the LIFO cost flow method.