Sunland Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per unit Units Total price Balance, 240 $4.00 $960 1/1/20 Purchase, 170 5.20 884 1/15/20 Purchase, 1/28/20 170 5.40 918 An end of the month (1/31/20) inventory showed that 200 units were on hand. If the company uses FIFO, what is the value of the ending inventory? $1038 $800 $1074 $1040