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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 30 units at $220 22 units February: 40

A company had the following purchases and sales during its first year of operations:

Purchases Sales
January: 30 units at $220 22 units
February: 40 units at $225 25 units
May: 35 units at $230 29 units
September: 32 units at $235 28 units
November: 29 units at $240 30 units

On December 31, there were 32 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

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