Assume the following events for a month for Company X:

Beginning Balance of Inventory is $400$ Units and the cost is $$200$ per Unit.

October $5$ Company X purchases $400$ Units at a cost of $$220$ per Unit.

October $9$ Company X sells $600$ units for $$500$ per Unit.

October $17$ Company X purchases $200$ Units at a cost of $$230$ per Unit.

October $27$ Company X sells $300$ units for $$500$ per Unit.

October $29$ Company X purchases $200$ units for $$250$ per Unit.

Use this data to answer all questions.Question $2$

Using FIFO Periodic, what is the ending inventory balance in October $($in dollars$)?$

For all questions that involve a numerical answer:

If the number is a positive or an increase to an account, please enter the number

$($e$.$g$.375).$

If the number is a negative or a decrease to an account, please enter a negative sign

in front of the number $($e$.$g$.,-375).$

Do not enter dollar signs or commas.