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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 160 units

Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 160 units at $86 per unit. December 26 Sold 140 units. December 28 Purchased 160 units at $93 per unit. Assuming the last-in, first-out (LIFO) flow assumption is in use, the perpetual inventory records will indicate an ending inventory of this product of:

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