A company had the following purchases and sales during its first year of operations: Purchases Sales January: 14 units at $140 10 units February: 24 units at $145 7 units May: 19 units at $150 11 units September: 16 units at $155 10 units November: 14 units at $160 16 units On December 31, there were 33 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.)