Use the following information to answer questions (Round to 2 decimal places): The following information has been extracted from the records of Due North Sales (DNS) Co.:

January 1	Beginning Inventory	550 units @ $26 each
January 9	Bought	1,000 units @ $28 each
January 15	Sold	1,200 units @ $40 each
January 25	Bought	750 units @ $30 each

If Due North Sales (DNS) uses the FIFO cost flow assumption, under a periodic method, the cost of goods sold for January, is:

Multiple Choice

• None of the other alternatives are correct
• $33,804
• $32,748
• $32,500
• $42,300