The following inventory transactions took place for Cullumber Corporation for the month of May: Date Event Quantity Cost/Selling Price May 1 Beginning Inventory 1430 $3.20 May 5 Purchase 6430 2.75 May 10 Purchase 2430 3.40 May 15 Sale 3430 5.65 May 20 Sale 2430 5.65 May 22 Purchase 5430 3.10 May 241 Purchase: 2430 3.40 May 25 Sale 7860 5.65 The ending inventory balance for Cullumber Corporation, assuming the company uses a perpetual inventory system, and a first-in, first-out (FIFO) cost formula is O $14462. $12183. O $13733. O $15062.