Question: Thunder Manufacturing made the following purchases for the rivet drums during the year; 33 at $239 each (January), 36 at $253 each (March), 21 at

Thunder Manufacturing made the following purchases for the rivet drums during the year; 33 at $239 each (January), 36 at $253 each (March), 21 at $291 each (May), and 45 at $180 each (August). An inventory shows that 56 rivet drums remain. Determine the inventory value using L.I.F.O method.

Do not round off values in the intermediate calculation.

Round od final answer to the nearest dollar.

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