Slugging Baseball Co. buys and sells baseballs. They employ the weighted average method of inventory valuation. At the beginning of the year, Slugging Baseball Co. had 251 baseballs which had been purchased at $1.30 per baseball. On June 12th, Slugging Baseball Co. bought 301 baseballs for $2.70 per baseball. On September 18th, Slugging Baseball Co. sold 430 baseballs for $7.80 per baseball. On December 7th, Slugging Baseball Co. bought 400 baseballs for $3.40 per baseball. What is the value of inventory held by Slugging Baseball Co. at the end of the year