A company uses the periodic inventory system and had the following activity during the current monthly period.

November 1:	Beginning inventory	107 Units @ $10
November 5:	Purchased	107 Units @ $26
November 8:	Purchased	57 Units @ $25
November 16:	Sold	154 Units @ $80
November 19:	Purchased	50 Units @ $20

Using the weighted-average inventory method, the company's ending inventory would be:

• $3,495

• $1,070

• $2,070

• $2,425

• $3,266