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Find dollar value of Cost of Goods Sold for the month of May

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Question - Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date Activity Quantity Unit Price

5/1 Beginning Inventory 100 $10

5/5 Purchase 190 $12

5/15 Purchase 270 $14

5/25 Purchase 300 $16

Sales were 440 units at $20. Using the FIFO method, find dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132652840

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