The following inventory transactions took place for Oriole Corporation for the month of May: Date Event May 1 beginning inventory May 5 purchase May 10 purchase May 15 sale May 20 sale May 22 purchase May 24 purchase May 25 sale Quantity 2,000 3,000 5,000 5,000 3,000 3,500 2,500 5,000 Cost/ Selline Price $3.10 3.30 3.40 5.80 5.80 3.60 3.60 5.80 Calculate the ending inventory balance for Oriole Corporation, assuming the company uses a perpetual inventory system and the moving average cost formula. (Round unit costs to 2 decimal places, e . 52.75 and final answer to O decimal places, e-.5.275.) Ending inventory $