The following information is for the inventory of mini-kettles at Sheffield Company Limited for the month of May.

Date Transaction Units In Unit Cost Total Units Sold Unit Price Total

May1 Balance 100 $4.5 $450

6 Purchase 800 4.6 3,680

7 Sale 300 $7 $2,100

10 Sale 300 7.3 2,190

12 Purchase 400 4.9 1,960

15 Sale 200 7.4 1,480

18 Purchase 300 5.0 1,500

22 Sale 400 7.4 2,960

25 Purchase 500 4.98 2,490

30 Sale 200 7.5 1,500

Totals 2,100 $10,080 1,400 $10,230

A) Assuming that the perpetual inventory method is used, calculate the inventory cost at May 31 under FIFO.

Ending inventory

$ Answer