The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 380 units at $5 each on January 1. Xu purchases 580 units at $4 each in February and 280 units at $6 each in March. There were no additional purchases or sales during the remainder of the quarter. Xu sells 380 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 dollar amount.) Multiple Choice O $1,980 O O $2,360. O $2,080 O $1,800