The inventory on 1 July consisted of 20 skateboards for $484, purchased on 15 June, and 98 skateboards for $1,960 purchased on 28 June. These figures are net of GST and the 2% discount. Both of these purchases were paid within the allowed discount period. If an ending inventory count on 31 July shows 130 Tony skateboards on-hand, what would be the total cost of ending inventory under FIFO, assuming the gross purchases method were used to record inventory events?