The following inventory transactions took place for Sunland Corporation for the month of May: Date May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 Event beginning inventory purchase purchase sale Quantity 3,950 2,950 3,100 6,000 2,000 3,500 2,500 6,000 Cost/ Selling Price $3.20 3.40 3.50 5.80 5.80 3.70 3.70 5.80 sale purchase purchase sale Calculate the ending inventory balance for Sunland Corporation, assuming the company uses a perpetual inventory system and the moving-average cost formula. (Round unit costs to 2 decimal places, e.g. 52.75 and final answer to decimal places, e.g. 5,275.) $ Ending inventory