Company 'X' performs its annual inventory count on December 31st each year. At the inventory count on December 31, 2016, the company had 42 microwaves, which originally cost $60 each. On January 1, 2016, the microwave inventory account balance was $2,100. The cost of goods sold for microwaves during 2016 was $18,000.

What was the value (in dollars) of the microwave inventory purchased in 2016?