As of the beginning of the year, the company had 500 units of inventory at a cost of $14.00 per unit. On April 1, the company purchased 1,000 units of inventory for $15.00 per unit. On October 12,the company purchased an additional 1,300 units of inventory for $16.00 per unit. As of the end of the year, the number of units remaining in inventory was 500. Compute the cost of ENDING INVENTORY assuming LIFO inventory valuation. The company uses a periodic inventory system.

$7,000$4,800$38,000$35,800$42,800$7,500