Bramble Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketballs was taken from the records at the December 31, 2023 year end: Invoice Date Number Terms Units Received Unit Invoice Gross Invoice Cost Amount Jan. 1 balance Net 30 78 $20 15 10624 Net 30 50 20 Mar. 15 11437 1/5, net 30 50 16 June 20 21332 1/10, net 301 70 15 Sept. 12 27644 1/10, net 30. 66 12 Nov. 24 31269 1/10, net 30 60 11 Totals 374 A physical inventory on December 31, 2023, reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Bramble uses a periodic inventory system and records purchases at their invoice price less discounts. During 2023, the average sales price per basketball was $22.25. (a) Calculate the December 31, 2023 inventory using the FIFO formula. (Round answer to 2 decimal places, e.g. 52.75.) Ending inventory $