Given the following inventory activity, what is ending inventory using the perpetual FIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
Definitions:
Seasoned Equity Offering (SEO)
A new equity issue of securities by a company that has previously issued securities to the public.
Underpriced
A term used when a stock or other security is selling for a price that is lower than its apparent or intrinsic value.
IPO
Initial Public Offering, where a company offers shares of itself to the public for the first time to raise capital.
Syndicated Loans
Loans made by a group of banks or other institutions.
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