General Electric uses the periodic inventory system. During its first year of operations, General Electric made the following purchases (listed in chronological order of acquisition):

• 42 units at $107 per unit
• 70 units at $84 per unit
• 173 units at $62 per unit

Sales for the year totaled 270 units, leaving 15 units on hand at the end of the year. Ending inventory using the average cost method is:

(Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.)

Multiple Choice

• $930.

• $1,111.

• $980.

• $1,605.