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Singleton Company's perpetual inventory records included the following information: Date Number of Units and Unit Cost Total Cost January 1 Beginning inventory 280 units @

Singleton Company's perpetual inventory records included the following information:

Date Number of Units and Unit Cost Total Cost
January 1 Beginning inventory 280 units @ $11.00 $ 3,080
March 4 Purchase 230 units @ $16.00 3,680
September 28 Purchase 510 units @ $13.00 6,630
Number of units sold during the year: 760

If Singleton uses the LIFO cost flow method, its ending inventory would be $2,860

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