Bridgeport Corp. had 1,500 units on hand of part 54169 on May 1, 2023, with a cost of $23 per unit. Bridgeport uses a periodic inventory system. Purchases of part 54169 during May were as follows: Units Unit Cost May 9 2,000 $24 17 3,500 25 26 1,000 26 A physical count on May 31, 2023, shows 1,900 units of part 54169 on hand. Using the FIFO method, what is the inventory cost of part 54169 at May 31, 2023? Using the weighted average cost formula, what is the inventory cost? (Round weighted average cost per unit to 2 decimal places, e.g. 52.75.)