Multiple Choice Question 68

Oriole Company just began business and made the following four inventory purchases in June:

June 1		220 units		$1574
June 10		270 units		2160
June 15		270 units		2322
June 28		220 units		1980
				$8036

A physical count of merchandise inventory on June 30 reveals that there are 280 units on hand. Using the average cost method, the amount allocated to the ending inventory (rounded to whole dollar) on June 30 is