On May 1, 2021, CN Company had beginning inventory consisting of 150 units with a unit cost of $5. During May, the company purchased inventory as follows: 800 units at $6 per unit 650 units at $7 per unit The company sold 1,500 units during the month for $12 per unit. If CN Company uses the Last-in, First-out (LIFO) method, the value of CN Company's inventory on May 31, 2021 is $750. $500. O $1,050. O $700. Neyt