The firm had a beginning inventory of 50 units with a unit cost of $12. Purchases during the year were as follows: March65 units with a unit cost of $13; July60 units with a unit cost of $16. Assuming a periodic inventory system and the average cost method is used, the value of the ending inventory of 55 units is: (Round to two decimal places.)

Multiple Choice

• $755.70

• $720.00

• $660.00

• $1,648.80