Bonita Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 475 units that cost $64 each.

During the month, the company made two purchases: 720 units at $67 each and 358 units at $69 each. Bonita Industries also sold 1195 units during the month.

Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.)

$78,640.00

$24,702.00

$79,515.00

$23,821.00