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Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January.
Date
Activity
Units
Purchase Price (per unit)
Sale Price (per unit)
Jan. 01
Beg. Inventory
110
$4.83
Jan. 07
Purchase 1
460
$5.33
Jan. 16
Sale 1
330
$9.45
Jan. 24
Purchase 2
580
$5.7
Jan. 30
Sale 2
290
$11
Using the FIFO inventory method calculate the total cost of goods sold for the month. Please round total cost to nearest whole dollar.
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