Company purchased 400 units for $30 each on January 31. Purchased 440 units for $33 each on February 28. Sold a total of 560 units for $45 each from March 1 through December 31. What is the cost of ending inventory on December 31 if the company uses the first - in, first - out (FIFO) inventory costing method? (Assume company uses perpetual inventory system.)