A company reports the following merchandise purchases and sales for the month of May. Date May 1 May 5 May 10 May 201 May 25 Activities Purchase Purchase Sales Purchase Sales Units Acquired at Cost 520 units @ $15-$7,800 340 units @ $18-$6,120 370 units $22 - $8,140 Units sold at Retail. 470 units @ $50 540 units @ $50 There was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of ending inventory? Periodic LIFO May 1 May 5 May 201 Total Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units # of units Cost per sold unit Cost of Goods Sold in ending Cost per unit Ending Inventory inventory 520 $15.00 $ 7,800 340 $18.00 6,120 370 $22.00 8,140 1,230 $ 22,060 0 $ 0 0 $ 0