A company just starting business made the following three inventory purchases in February:

Feb. 1		210 units		$1020
Feb. 10		390 units		2760
Feb. 28		100 units		820
				$4600

On Feb 15, there were 320 units sold. The company uses a perpetual inventory system. Using the weighted average cost formula, the balance in ending inventory on February 28 is

$4600.

$2802.

$2584.

$2016.