5. During June, the following changes in inventory item 27 took place: Balance 1,400 units@ $24 800 units $36 700 units $30 400 units@ $50 1,000 units @ $40 500 units @ $44 June 1 14 24 Purchased Sold Sold 10 29 Sold Perpetual inventories are maintained. Required: (1) What is the cost of the ending inventory for item 27 under the FIFO method? (Show calculations: 3 Points)