A company uses the periodic inventory system and had the following activity during the current monthly period. Date Activities Units Acquired at Cost Units Sold at Retail November 1 Beginning inventory 120 units @ $20 = $2,400 November 5 Purchase 110 units @ $22 = $2,420 November 8 Purchase 60 units @ $23 = $1,380 November 16 Sales 220 units @ $45 November 19 Purchase 60 units @ $25 = $1,500 Using the weighted-average inventory method, the company's ending inventory would be