SheffieldAppliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at$640each. On January 10,Sheffieldpurchased6units at $680each. The company sold2units on January 8 and5units on January 15.

(a)Correct answer icon

ending inventory under FIFO.

Ending inventory $1360

ending inventory under LIFO.

Ending inventory $1320

Compute the ending inventory under moving-average.(Round average unit cost to 2 decimal places, e.g. 25.16 and final answer to 0 decimal places, e.g. 2,120.)

Ending inventory$=?