The Xu Corporation uses a periodic Inventory system. The company has a beginning inventory of 370 units at 55 each on January 1. Xu purchases 570 units at $4 each in February and 270 units at $6 each in March. There were no additional purchases or sales during the remainder of the quartet Xu sells 370 units during the quarter. If Xu uses the LIFO method, what is its cost of goods sold for the first quarter? (Do not round Intermediate calculations. Round your final answer to the nearest dollr amount.) Multiple Choice $2,020 $1780 $1.920 $2.290