Calculate Ending Inventory in dollars using an Average Cost Perpetual inventory costing system. Round to the nearest dollar.

Desert Company has a beginning balance in inventory of 400 units at $4.20 per unit. A record of transactions for the month of May was as follows: Purchases Sales May Cost May Price $7.00 $7.00 1,300 800 700 1,200 500 $4.10 $4.30 $4.40 $4.50 $4.55 200 1,000 900 400 1,400 | $7.50 $7.50 $8.00 a