Flounder Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketballs was taken from the records at the December 31, 2020 year end:

Date		Invoice Number			Terms			Units Received				Unit Invoice Cost			Gross Invoice Amount
Jan. 1		balance			Net 30				88			$20				$1,760
15		10624			Net 30				50			20				1,000
Mar. 15		11437			1/5, net 30				55			16				880
June 20		21332			1/10, net 30				80			15				1,200
Sept. 12		27644			1/10, net 30				74			12				888
Nov. 24		31269			1/10, net 30				66			11				726
		Totals							413							$6,454

A physical inventory on December 31, 2020, reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Flounder Limited uses a periodic inventory system and records purchases at their invoice price less discounts. During 2020, the average sales price per basketball was $22.25.

(a)

Calculate the December 31, 2020 inventory using the FIFO formula. (Round answer to 2 decimal places, e.g. 52.75.)

Ending inventory $