Assignment:
A company made the following merchandise purchases and sales during the month of May:?
May 1 purchased 380 units at $15 each
May 5 purchased 270 units at $17 each
May 10 sold 400 units at $50 each
May 20 purchased 300 units at $22 each
May 25 sold 400 units at $50 each
There was no beginning inventory. If the company uses the weighted-average inventory valuation method and the perpetual inventory system, what would be the cost of its ending inventory?