Deer’s inventory records for January reflect the following details: On January 1, the beginning inventory consisted of 300 units priced at $2.10 each. On January 12, Deer made its first purchase of 400 unit sat a cost of $2.40 each. A second purchase was made on January 21, consisting of 600 units priced at $2.50 each. By the end of the month, on January 31, Deer sold 800 units at a price of $5.00 per unit. Using the FIFO (First-In, First-Out) cost flow method, what is the cost of goods sold (COGS) for January?

Deer’s inventory records for January reflect the following details: On January 1, the beginning inventory consisted of 300 units priced at $2.10 each. On January 12, Deer made its first purchase of 400 unit sat a cost of $2.40 each. A second purchase was made on January 21, consisting of 600 units priced at $2.50 each. By the end of the month, on January 31, Deer sold 800 units at a price of $5.00 per unit. Using the FIFO (First-In, First-Out) cost flow method, what is the cost of goods sold (COGS) for January?