The Laurel Corporation starts the year with a beginning inventory of 460 units at $21 per unit. The company purchases 580 units at $36 each in February and 520 units at $22 each in October. Laurel sells 230 units during the year. Laurel has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold?

a.) 8,280

b.) 5,094

c.) 4,830

d.) 5,060