Use the following information from the records of Smith Company to answer questions 39 through 40 below. Date 1-Aug 3-Aug 14-Aug Units Beginning Inventory 10 Purchases 8 Unit Cost Total Cost $60 $600 $75 600 $78 624 8 Purchases Purchases 31-Aug 6 $81 486 32 $2,310 Goods available for sale Units Sold 22 40. If Smith Company uses a periodic system and the average cost method, the cost of goods sold (rounded to the nearest dollar) will be