IaOG Company employs a periodic inventory system and sells its inventory to customers for $10 per unit. IaOG Company had the following inventory information available for the month of May: May 1 Beginning inventory 370 units $8.40 cost per unit May 6 May 8 May 14 May 19 May 23 May 27 May 29 Purchased 280 units @ $2.45 cost per unit Sold 190 units Purchased 330 units @ $9.80 cost per unit Purchased 540 units @ $5.40 cost per unit Sold 250 units Sold 360 units Purchased 480 units @ $7.20 cost per unit During May, Ia G Company reported operating expenses of $800 and had an income tax rate of 30%. Calculate the dollar amount of ending inventory shown on Iaeg Company's May 31 balance sheet using the LIFO method