In its first year of operations, a retailer made the following inventory purchases: 310 units at $7.90 each, 280 units at $8.20 each, and 150 at $8.80 each. At year end, there are 280 units remaining in inventory. The retailer used a periodic inventory system. Using the weighted average cost formula, the cost of ending inventory was:

Select one:

a. $2,384

b. $2,026

c. $2,295

d. $2,031

e. $2,188