Use the information below to answer the following question.

Conover Company sells decorative pillows for $80 each. The following was taken from the inventory records during July. The company had no beginning inventory on July 1.

Date	Pillows	Units	Cost
July 2	Purchase	7	$40
9	Sale	5
16	Purchase	12	$44
19	Sale	8
22	Sale	5
30	Purchase	12	$50

Assuming that the company uses the perpetual inventory system, determine the ending inventory value for the month of July using the LIFO inventory cost method.