The following inventory information for ABC Company is given for the month of November: November 1 Beginning inventory 740 units @ $2.00 cost per unit November 7 Purchased 400 units @ $7.14 cost per unit November 15 Sold 500 units November 19 Purchased 200 units @ $5.58 cost per unit November 28 Sold 600 units November 30 Purchased 700 units @ $8.00 cost per unit Calculate the dollar amount of ending inventory shown on ABC Company's November 30 balance sheet using the LIFO method.
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