A company maintains a perpetual inventory system and started the month of May with 350 units of inventory on hand. During the month of May the company sold 1,800 units to customers on the dates indicated below. Assuming that the company utilizes the Last in First Out inventory method what should be reported on the May 31st balance sheet for ending inventory? (Round your final answer to the nearest $1). Purchases Date 1-May 8-May 18-May 25-May Units 350 400 500 800 2,050 Price $5.00 $8.00 $8.42 $8.95 Sales Date 11-May 22-May 28-May Units 600 500 700 1,800 Price $12 $12 $12 O A. $1,250 B. $2,158 OC. $2,238 OD. $1,645 E. $1.990