During the past year, Kool Kats Inc. sold 829 pet bandanas. Inventory records for the year are as follows:
| DATE |
|
QUANTITY |
COST |
TOTAL |
| January 1 |
Beginning Inventory |
300 |
$12 |
$ 3,600 |
| February 3 |
Purchase |
400 |
12 |
4,800 |
| May 12 |
Purchase |
380 |
11 |
4,180 |
| June 22 |
Purchase |
220 |
13 |
2,860 |
| November 3 |
Purchase |
450 |
9 |
4,050 |
| Total available for sale |
|
1,750 |
|
$19,490 |
Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.