during the past year, Sweeter than Honey Inc. sold 920 beehives. Inventory records for the year are as follows:

DATE		QUANTITY	COST	TOTAL
January 1	Beginning Inventory	180	$38	$ 6,840
January 30	Purchase	300	32	9,600
March 16	Purchase	150	12	1,800
November 10	Purchase	420	15	6,300
December 14	Purchase	400	43	17,200
Total available for sale		1,450		$41,740

Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places)