During the past year, Sweeter than Honey Inc. sold 920 beehives. Inventory records for the year are as follows:
| DATE |
|
QUANTITY |
COST |
TOTAL |
| January 1 |
Beginning Inventory |
180 |
$38 |
$ 6,840 |
| January 30 |
Purchase |
300 |
32 |
9,600 |
| March 16 |
Purchase |
150 |
12 |
1,800 |
| November 10 |
Purchase |
420 |
15 |
6,300 |
| December 14 |
Purchase |
400 |
43 |
17,200 |
| Total available for sale |
|
1,450 |
|
$41,740 |
Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places)