Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru G in January at $$5\mathrm{.}50$ per letter. In February, it purchased H thru L at $$7\mathrm{.}50$ per letter. It purchased M thru R in March at $$8\mathrm{.}50$ per letter. It sold A$,$ D$,$ E$,$ H$,$ J and N in October. There were no additional purchases or sales during the remainder of the year.If Alphabet Company uses the LIFO method, what is the cost of its ending inventory?