Question $20$

Leno uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of February were as follows:

Purchase Feb. $4$

$16$ gizmos @ $$11$ each

Purchase Feb. $13$

$14$ gizmos @ $$18$ each

Purchase Feb. $27$

$23$ gizmos @ $$24$ each

On February $17($Hint: before Feb. $27$ purchase$)$ the company sold $20$ units of this product.

Assuming LIFO, the ending inventory at February $28$ is: GIVE ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT

USING $ SIGN