safari hilti method 3:17 PM 64% Expert Q&A Towing Company employs a periodic inventory system and sells its inventory to customers for $34 per unit. Towing Company had the following i nventory information available for the month of May May 1 Beginning inventory 2,200 units e $17 cost per unit May 8 Sold 1,700 units May 13 Purchased 1,800 units e $13 cost per unit May 18 Sold 1,600 units May 21 Purchased 1,300 units $23 cost per unit May 22 Purchased 1,100 units $15 cost per unit May 28 Sold 1,300 units May 30 Purchased 1,600 units e s10 cost per unit During May, Towing Company reported operating expenses of $49,000 and had an income tax rate of 32%. Calculate the dollar amount of ending inventory shown on Towin gCompanys May 31 balance sheet using the weighted average method