Panamerican Foods' inventory consists of sugar they sell to their customer, the Cake Bakery. Cake bakery uses the sugar in their cookie baking process. Panamerican stores the sugar in bags and uses a periodic inventory system. The following information is provided in regard to Panamerican inventory:

Beginning inventory	200 bags @ 19	$	3,800
Purchase on January 25	300 bags @ 20		6,000
Purchase on March 15	200 bags @ 21		4,200
Purchase on October 2	400 bags @ 22		8,800
Goods available for sale		$	22,800

There are 550 bags in ending inventory. What is the amount of the ending inventory using the FIFO method?