Transactions for the month of June were:

Purchases Sales

June 1	(balance) 2,300@ $1.00	June 2	1,500 @ $3.50
3	5,700 @ 0.90	6	4,200 @ 3.50
7	4,600 @ 1.10	9	3,400 @ 3.50
15	7,000 @ 1.20	10	1,500 @ 4.00
22	1,400 @ 1.30	18	5,200 @ 4.00
		25	400 @ 4.00

Assuming that perpetual inventory records and periodic inventory records are kept in dollars, what is the ending inventory on a FIFO basis?