The following information was drawn from the inventory records of Preston Company. Beginning inventory (purchased in Year 1) First purchase made in Year 2 Second purchase made in Year 2 Units sold 460 units @ $28 each 580 units $16 each. 860 units $18 each 1,850 units @ $33 each Based on this Information, which of the following represents the amount of ending inventory appearing on the balance sheet assumin