Glenn Company has the following inventory information.

July	1		Beginning Inventory	10 units at $90
	5		Purchases	60 units at $92
	14		Sale	50 units
	21		Purchases	30 units at $95
	30		Sale	35 units

Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method?

1. $1,391

2. $1,385

3. $1,425

4. $1,405