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atsoi Companys purchase and sales transactions for the month of May were as follows: ...

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Accounting

atsoi Companys purchase and sales transactions for the month of May were as follows:

Purchases Sales

May 1 (beg. balance) 2,000@ 300 May 2 1,200@ 600

7 6,000@ 320 14 4,800@ 600

22 2,000@ 330 28 2,000@ 650

Assuming that the company keeps perpetual inventory records, Tatsois cost of goods sold for the month of May on a LIFO basis is?

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