26. IBM Corporation is evaluating its inventory using the FIFO (First-In, First-Out) method. The company had the following inventory transactions during the month of November:

• Beginning inventory: 1,000 units at $10 per unit
• Purchases:
  • November 5: 2,000 units at $12 per unit
  • November 15: 1,500 units at $15 per unit
• Sales:
  • November 10: 2,500 units sold
  • November 20: 2,000 units sold

Calculate the ending inventory value for the month of November using the FIFO inventory valuation method.