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ABC Company employs a periodic inventory system and sells its inventory to customers for $28 per unit. ABC Co mpany reported the following inventory information

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ABC Company employs a periodic inventory system and sells its inventory to customers for $28 per unit. ABC Co mpany reported the following inventory information for the mon th of May: May 1 Beginning inventory 3,600 units@ $14 cost per unit May 3 Purchased 2,800 urfits @ \$11 cost per u nit May-11 Sold 3,900 units May 16 Purchased 4,100 units @ $6 cost per un it May 19 Sold 2,100 units May 22 Purchased 2,200 units @ \$19 cost per u nit May 26 Sold 1,900 units May 28 Purchased 3, 300 units @ \$12 cost per u nit ABC Company reported operating expenses of $34, 000 for May and they had an income tax rate of 32%. Calculate the dollar amount of ending inventory shown on ABC Company's balance sheet at May 31 using the weighted average method

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