Wayne Enterprise had a beginning 13 inventory of $670,000 for the month of July and made additional inventory purchases worth $960,000 from Acme Industries throughout the month of July. The Cost of Goods Sold (COGS) for the month of July was $1,080,000. The ending inventory for the month of July would be - * $550,000 $670,000 $960,000 $1,080,000