Adm. uses the periodic inventory system. During the first year of operations, Adele made the following purchases (listed in chronological order of acquisition):

• 40 units at $100 per unit
• 70 units at $80 per unit
• 170 units at $60 per unit

Sales for the year totaled 260 units, leaving 20 units on hand at the end of the year.

Ending inventory using the average cost method (rounded) is:

	A.	$1,520
	B.	$1,270
	C.	$1,380
	D.	$1,414