Company has a beginning balance in inventory of 400 units at $4.20 per N unit. A record of transactions for the month of May was as follows: Purchases Sales May May 1,300 200 800 Cost $4.10 $4.30 $4.40 $4.50 $4.55 Price $7.00 $7.00 $7.50 $7.50 $8.00 1,000 900 400 700 1,200 1,400 29 500 25 Calculate Ending Inventory in dollars using an Average Cost Periodic inventory costing system. Round to the nearest dollar