The Shirt Shop had the following transactions for T-shirts for 2018, its first year of operations: Jan. 20 Purchased 330 units @ $ 5 = $ 1,650 Apr. 21 Purchased 90 units @ $ 6 = 540 July 25 Purchased 210 units @ $ 8 = 1,680 Sept. 19 Purchased 80 units @ $ 10 = 800 During the year, The Shirt Shop sold 530 T-shirts for $15 each. Required Compute the amount of ending inventory The Shirt Shop would report on the balance sheet, assuming the FIFO cost flow assumption.