ABC Company employs a periodic inventory system and sells its inventory to customers for $17 per unit. ABC Company had the following inventory information available for the month of May: May 1 Beginning inventory 180 units @ $5.00 cost per unit May 3 Purchased 250 units @ $6.50 cost per unit May 8 Sold 125 units May 13 Purchased 160 units @ $7.20 cost per unit May 18 Sold 175 units May 24 Sold 200 units May 30 Purchased 210 units @ $6.30 cost per unit During May, ABC Company reported operating expenses of $2,000 and had an income tax rate of 35%. Calculate the dollar amount of ending inventory shown on ABC Company's May 31 balance sheet using the weighted average method. Do not use decimals in your answer.