McGuire Metals Ltd uses the periodic inventory method and had the following inventory information available: Units Unit Total cost cost 1/1 Beginn 228 $5 $1140 ing invent ory 1/20 Purcha203 $5 $1015 se 7/25 Purcha183 $7 $1281 se 10/2 Purcha234 $8 $1872 10 se 848 $5308 A physical count of inventory on 31 December revealed that there were 442 units on hand. Assume that the company uses the FIFO method. Calculate and enter the value of the ending inventory at 31 December in the answer space below: