Ford Motor Company purchased 500 units for $50 each on January 31, it purchased 150 units for $35 each on February 28. It sold a total of 250 units for $60 each from March 1 through December 31. If the company uses the weighted-average Inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual Inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar) 03 Multiple Choice