The Inventory records for Radford Company reflected the following: Beginning inventory @ May 1 100 units @ $4.40 First purchase @ May 7 300 units @ $4.80 Second purchase @ May 17 500 units @ $5.00 Third purchase @ May 23 100 units @ $5.20 Sales @ May 31 900 units @ $8.20 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $440 $480 $980 5520