Illini Supplies maintains its hand-held graphing calculator inventory using the perpetual inventory method. The inventory records for May follow:

Beginning inventory	20 units @ $105 each
May 12 purchase	30 units @ $120 each
May 20 sale	40 units @ $195 each
May 25 purchase	15 units @ $115 each

Using the weighted-average cost method, how much is the May 31 inventory on Illini Supplies balance sheet?

		$1,725
		$2,825
		$2,865
		$2,650