Illini Company uses the weighted average cost assumption. On January 1, there were 180 units on hand at a cost of $5 per unit. On January 10, 210 more units were purchased at a cost of $8 per unit....

Illini Company uses the weighted average cost assumption. On January 1, there were 180 units on hand at a cost of $5 per unit. On January 10, 210 more units were purchased at a cost of $8 per unit. Sales included 30 units on January 3 and 260 units on January 17. What is the cost of ending inventory on January 31 (round your answer to the nearest cent)?