3. The following data is available: On hand at start of period 400 units First purchase 600 units Second purchase 700 units Third purchase 500 units Number of units available for sale 2,200 units On hand at end of period 600 units Number of units sold during period 1,600 sold $3.00 unit cost $3.50 unit cost $3.30 unit cost $3.40 unit cost Of the 1,600 items sold, 300 were sold in the beginning inventory, 500 were sold after the first purchase, 600 were sold after the second purchase and 200 were sold after the third purchase. The Cost of Goods Sold under the First-In, First-Out (FIFO) perpetual inventory is