Long Corp. began the year with 100 units of inventory, each with a unit cost of $5. The company purchased 20 units for $6 each on June 16, sold 65 units for $15 each on August 19, and purchased another 25 units for $7 each on December 2. Calculate the value of Longs inventory on December 31 assuming it uses a perpetual inventory system and the LIFO method.