The following units of an inventory item were available for sale during the year:

Beginning inventory	11 units at $47
First purchase	15 units at $53
Second purchase	21 units at $57
Third purchase	13 units at $61

The firm uses the periodic inventory system. During the year, 42 units of the item were sold.

The value of ending inventory using FIFO is what?

PLEASE help! I've been poring over my textbook trying to figure this out and there aren't any examples like this to go off of!