Your company manufactures plastic pails and uses raw liquid plastic in bulk form (which it stores in a single large tank) to make the pails. On December 31, 2019 the tank held 590 gallons of liquid plastic valued at $18,000. On January 28, 2020 it bought 11,000 gallons of raw liquid plastic for $330,000, and on September 12, 2021 it bought a further 22,000 gallons for $418,000. Note: all of these deliveries were stored in the aforementioned tank, and the company uses average costs to value inventory. On December 31st, 2020 there remained 7,035 gallons of raw liquid plastic left over in the tank. Given