The Coca-Cola Company uses FIFO method for valuing inventory. In 2019, they began the year with 60 bottles costing $30 each. On June 15^th, they bought 50 bottles costing $35 each. On December 31^st, 2019 the replacement costs for the bottles was $25 each and they have 45 bottles remaining in inventory. What was the correct balance in inventory at year end?