The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 325 units at $5 each on January 1. Xu purchases 525 units at $4 each in February and 225 units at $6 each in March. There were no additional purchases of sales during the remainder of the quarter. Xu sells 325 units during the quartet 1 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 dollar amount.) Multiple Choice $1,750 $1,525 $1,650 51.975