The following inventory transaction took place for Crane Corporation for the month of May:

Date Event Quantity Cost/Selling Price

May1 beginning inventory 2070 3.10

May5 purchase 5220 3.30

May10 purchase 4040 3.40

May15 sale 5750 6.00

May20 sale 2030 6.00

May22 purchase 3940 3.60

May24 purchase 2030 3.60

May25 sale 6005 6.00

Calculate the ending inventory balance for Crane Corporation, assuming the company uses a periodic inventory system and the weighted average cost formula.