ABC Company employs a periodic inventory system and sells its inventory to customers for $29 per unit. ABC Company had the following inventory information available for the month of May: May 1 Beginning inventory 2,400 units @ $14 cost per unit May 8 Sold 1,100 units May 13 Purchased 1,400 units @ $11 cost per unit May 18 Sold 1,200 units May 21 Purchased 800 units @ $19 cost per unit May 28 Sold 500 units May 30 Purchased 1,700 units @ $10 cost per unit During May, ABC Company had operating expenses of $15,400 and had an income tax rate of 43%. Calculate the dollar amount of ending inventory shown on ABC's May 31 balance sheet using the FIFO method.