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Monty Limited stocks a variety of sports equipment for sale to institutions. The following stock record card for basketbalis was taken from the records at the December 31,2023 year end: A physical inventory on December 31,2023 , reveals that 100 basketballs are in stock. The bookkeeper informs you that all the discounts were taken. Assume that Monty uses a periodic inventory system and records purchases at their invoice price less discounts. During 2023, the average sales price per basketball was $2225. Calculate the December 31,2023 imventory using the FIFO formula. (Round answer to 2 decimal ploces, e-g. 5275.7 Ending inventory $ Attempts: 9 of 15 used (b) The parts of this question must be completed in order. This part will be available when youcomplete the part above