Please use this information to answer the 3 questions below. Perpetual LIFO and Periodic FIFO and Periodic Average Cost. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2017. Quantities Unit Purchased Sold Balance Price of Purchase Date January 11 400 $4.65 January 1,300 1,700 $4.90 24 February 8 300 1,400 March 16 560 840 June 11 600 1.440 $5.10 Compute the cost of goods sold for the first six months under the periodic inventory system and weighted average cost flow assumption. Round your answer to the nearest dollar