At May 1, 2022, Concord Corporation had beginning inventory consisting of 240 units with a unit cost of $5. During May, the company purchased inventory as follows: 480 units at $6 720 units at $7 The company sold 1200 units during the month for $10 per unit. Concord Corporation uses the average cost method. The value of Concord Corporation's inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)

$1680.

$1560.

$9120.

$1200.