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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 29 units at $215 20 units February: 39

A company had the following purchases and sales during its first year of operations: Purchases Sales January: 29 units at $215 20 units February: 39 units at $220 18 units May: 34 units at $225 22 units September: 31 units at $230 21 units November: 29 units at $235 37 units On December 31, there were 44 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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