Question: Shanda Lear's Lighting Store opened for business on May 1, and had the following inventory transactions occur during the month of May: - May 1:

Shanda Lear's Lighting Store opened for business on May 1, and had the following inventory transactions occur during the month of May: - May 1: Purchase (86 lamps @ \$81/lamp) - May 14: Purchase (48 lamps @ \$83/lamp) - May 21: Purchase (52 lamps @ \$86/lamp) During the month of May, Shanda Lear's Lighting Store sold 78 lights at $108 each. Assuming that a periodic inventory system is used, what is Shanda Lear's Lighting Store's cost of goods sold using LIFO? (Do not use dollar signs, commas or decimals. Numbers only.)

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