Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were:

	Date	Units	Unit cost $
Beginning Inventory	1-Aug	2600	2.5497
Purchase	10-Aug	7000	3.5917
Purchase	21-Aug	2200	4.2398
Purchase	29-Aug	5400	4.1742

Sales during the year were 11900 units. Peter Co uses the LIFO assumption with the periodic inventory method. The value of the closing inventory at the end of the period is:

(In your answer you should include at least 2 decimal places)

Answer: