Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in Januafy at $3.00 per lettec. In February, it purchased H thru L at $5.00 per lettet. It purchased M thru R in March at $6.00 per letter, it sold A. D. E, H, J and N in October. Thete were no additional purchases of sales during the remainder of the year. If Alphabet Company uses the LFO method, what is the cost of its ending inventory