GNC Co. has the following information regarding its Super-vitamin inventory in the first quarter of 2023:

Beginning inventory on 1/1/2023	500 units	each cost $5
Sale on 1/15/2023	400 units	each sold for $8
Purchase on 2/15/2023	300 units	each cost $5.50
Purchase on 3/15/2023	100 units	each cost $6
Sale on 3/31/2023	200 units	each sold for $8

Assume that GNC uses periodic inventory system and LIFO. Also assume that at the end of the first quarter, a physical count shows that there are 280 units of Super-vitamin in the ending inventory. What should be the ending inventory value in the first quarter?

$2,800

1400

3200

1500