Baker Co. had the following inventory records for one line of skis for January: Beginning inventory Sales, Jan. 1 - Jan. 7. Purchase, Jan. 8 70 pairs @ $100 per pair = $7,000 50 pairs 46 pairs @ $104 per pair = $4,784 59 pairs Sales, Jan. 9 - Jan. 16. Purchase, Jan. 17 62 pairs @ $110 per pair = $6,820 56 pairs Sales, Jan. 18 - Jan. 29 Purchase, Jan. 30 18 pairs @ $112 per pair = $2,016 ********* Assuming the FIFO inventory method is used, what is the cost of Baker's ending inventory? $