Swifty Corporation uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $62 each. During the month, the company made two purchases: 715 units at $65 each and 361 units at $67 each. Swifty Corporation also sold 1202 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.)

$77577.

$76704.

$22847.

$23718.