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Children Company, which uses the periodic inventory method, purchases different letters for resale. Children had no beginning inventory. It purchased A thru Gin January at $4 per letter. In February. It purchased H thru L at $6 per letter. It purchased M thru Rin March at $7 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year. If Children Company uses the weighted average method, what is the cost of its ending inventory