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Monty Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a

Monty Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $20 per unit. None of this inventory was sold in 2019. Relevant information for fiscal 2020 is as follows: Ending inventory units:

December 31, 2019 140
December 31, 2020, by purchase date
Dec. 2, 2020 140
July 20, 2020 30 170

During 2020, the following purchases and sales were made:

Purchases Sales

Mar.

15

410 units at $24

Apr.

10

240

July

20

410 units at $27

Aug.

20

280

Sept.

4

210 units at $29

Nov.

18

190

Dec.

2

140 units at $30

Dec.

12

430

The company uses the periodic inventory method.

Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)

Ending inventory

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