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TG Corp. uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item

TG Corp. uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following:

Transactions Units Unit Cost
Beginning inventory, January 1 600 $ 2.20
Transactions During the year:
a. Purchase, January 30 500 $ 2.85
b. Purchase, May 1 700 $ 3.25
c. Sale ($9 each) 650
d. Sale ($7 each) 280

How much is Ending Inventory under the FIFO method?

Do not use the $ in your response, just input the dollar amount rounded to the nearest whole dollar (no cents).

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