At May 1, 2008, Treeline Company had beginning inventory consisting of 400 units with a unit cost of $6. During May, the company purchased inventory as follows:

200 units at $7

300 units at $8

The company sold 500 units during the month for $12 per unit. Treeline uses the average cost method.

1. The value of Treelines inventory at May 31, 2008 is