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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 nit Price

5/1 Beginning Inventory 130 $10

5/5 Purchase 230 $12

5/15 Purchase 270 $14

5/25 Purchase 250 $16

Sales were 430 units at $20. Using the FIFO method, find dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132765173

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