A company purchased 500 units for $40 each on January 31. It purchased 200 units for $35 each on February 28. It sold a total of 200 units for $50 each from March 1 through December 31. If the company uses the weighted average Inventory costing method, calculate the cost of ending inventory on December 31. Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) $19,285 $7715 $27,000 $18.750