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Desert Company has a beginning balance in inventory of 410 units at...

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Accounting

Desert Company has a beginning balance in inventory of 410 units at $4.20 per unit. A record of transactions for the month of May is as follows:
Purchases Sales
May # Cost May # Price
41,300 $4.103200 $7.00
14900 $4.4012900 $7.50
29500 $4.55251,400 $8.00
Calculate Cost of Goods Sold in dollars using a LIFO perpetual inventory costing system. Round to the nearest dollar.

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