Wildhorse Co. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
Units Per unit price Total
Balance, 1/1/2017 320 $5.00 $1600
Purchase, 1/15/2017 160 ... 5.70 912
Purchase, 1/28/2017 160 ... 5.90 944
An end of the month (1/31/2017) inventory showed that 260 units were on hand. If the company uses FIFO, what is the value of the ending inventory?
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