During June, the following changes in inventory item 27 took place:

June 1		Balance		1,500 units	@ $36
8		Sold		370 units	@ $73
10		Sold		1,130 units	@ $61
14		Purchased		830 units	@ $54
24		Purchased		690 units	@ $46
29		Sold		450 units	@ $65

Perpetual inventories are maintained.

(a)

What is the cost of the ending inventory for item 27 under the FIFO method?

Cost of the ending inventory

$