During the last year Leathers Unlimited sold 702 jackets. Inventory records for the year are as follows:

DATE QUANTITY COST TOTAL January 1Beginning Inventory 100 $79 $ 7,900 March 21Purchase 300 60 18,000 July 8Purchase 450 62 27,900 October 1Purchase 400 58 23,200 December 14Purchase 100 77 7,700 Total available for sale 1,350 $84,700

Using the average cost method of inventory pricing calculate the dollar value of the ending inventory.(Round the average cost per unit to the nearest cent)