A company purchased 500 units for $30 each on January 31. It purchased 250 units for $25 each on February 28. It sold a total of 200 units for $ 70 each from March 1 through December 31. If the company uses the weightedaverage inventory costingmethod, calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimalplaces, and your final answer to the nearestdollar.)