Niles Co. has the following data related to an item of inven…

Niles Co. has the following data related to an item of inventory: Inventory, March 1                 400        units @ $2.10 Purchase, March 7              1,400        units @ $2.20 Purchase, March 16               280        units @ $2.25 Inventory, March 31              520        units   The value assigned to cost of goods sold if Niles uses FIFO is

Transactions for the month of June were:                …

Transactions for the month of June were:                                     Purchases                                       Sales June    1 (balance) 3,200 @ $3.20 June  25 2,400 @ $5.50         3 8,800 @   3.10 25 6,400 @   5.50         7 4,800 @   3.30 25 4,000 @   5.50        15 7,200 @   3.40 25 1,600 @   6.00        22 2,000 @   3.50 25 5,600 @   6.00                                                          25 800 @   6.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is