RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of Units Cost per Unit

1/1 Beginning Inventory 435 $3,380

6/6 Purchase 790 $3,780

9/10 Purchase 1,305 $4,180

11/15 Purchase 790 $4,380

During the year, RJ sold 2,995 units.

What was ending inventory using the average cost flow assumption under a periodic inventory system? (Do not round intermediate calculations.)

$1,522,625.

$1,308,967.

$1,423,500.

$1,098,500.