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During the past year, Kool Kats Inc. sold 829 pet bandanas. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 1

During the past year, Kool Kats Inc. sold 829 pet bandanas. Inventory records for the year are as follows:

DATE

QUANTITY

COST

TOTAL

January 1

Beginning Inventory

300

$12

$ 3,600

February 3

Purchase

400

12

4,800

May 12

Purchase

380

11

4,180

June 22

Purchase

220

13

2,860

November 3

Purchase

450

9

4,050

Total available for sale

1,750

$19,490

Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.

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