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ABC Company employs a periodic invento ry system and sells its inventory to customers for $ 2 0 per uni t . ABC Company had

ABC Company employs a periodic invento ry system and sells its inventory to customers for $20 per uni t. ABC Company had the following inventory information availa ble for May:
May 1 Beginning inventory 1,900 uni ts a $10.20 cost per unit
May 3 Purchased 2,100 units a $11.60 cost per unit
May 8 Sold 1,400 units
May 13 Purchased 3,700 units a $8.10 cost per unit
May 18 Sold 2,600 units
May 20 Purchase 4,100 units a $14.70 cost per unit
May 24 Sold 2,900 units
May 30 Purchased 2,200 units a $12.60 cost per unit
During May, ABC Company reported opera ting expenses of $14,000 and had an income tax rate of 36%.
Calculate the dollar amount of ending inventory shown on ABC
Company's May 31 balance sheet using t he FIFO method.
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