The Ivanhoe Shop shows the following data related to an item of inventory:

Inventory, January 1		310 units		@ $6.00
Purchase, January 9		870 units		@ $6.50
Purchase, January 19		210 units		@ $7.00
Inventory, January 31		310 units

(a)

What value should be assigned to the ending inventory using FIFO?

Value assigned to the ending inventory

$