Tea Cup Corp. uses the periodic inventory system. During its first year of operations, Tea Cup made the following purchases (listed in chronological order of acquisition):

50 units at $200 per unit

80 units at $100 per unit

160 units at $70 per unit

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

Ending inventory using the average cost method (rounded) is: