A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory November 5: Purchased November 8: Purchased November 16: Sold November 19: Purchased 110 Units @ $10 110 Units @ $26 60 Units @ $25 166 Units @ $95 65 Units @ $20 Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice $3,900 $2,800 $2,400 $3,507 $1,100