A company had the following purchases and sales during the month of November: Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 5 units @ $48 = $240 November 2 Purchase 10 units @ $50 = $500 November 6 Purchase 6 units @ $53 = $318 November 8 Sales 8 units @ $97 Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?