Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:

	Units	Per unit price	Total
Balance, 1/1/18	170	$5.00	$850
Purchase, 1/15/18	130	5.10	663
Purchase, 1/28/18	130	5.40	702

An end of the month (1/31/18) inventory showed that 220 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

$1100

$1125

$1161

$1122