Multiple-Choice Exercise 6-8

Morgan Inc. has the following units and costs for the month of April:

	Units Purchased at Cost	Units Sold at Retail
Beginning inventory, April 1	1,200 units at $25
Purchase 1, April 9	1,500 units at $28
Sale 1, April 12		2,400 units at $45
Purchase 2, April 22	1,000 units at $30

If Morgan uses a perpetual inventory system, what is the cost of ending inventory under average cost at April 30? (Note: Use four decimal places for per-unit calculations and round to the nearest dollar.)