Current Attempt in Progress X Your answer is incorrect. The following inventory transactions took place for Ivanhoe Corporation for the month of May: Date Event beginning inventory purchase purchase sale Cost/ Selling Price $4.20 4.40 Quantity 2,040 5,040 4,040 5,980 2,080 3,920 4.50 May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 6.40 sale 6.40 4.70 purchase purchase 1,920 4.70 sale 5,920 6.40 Calculate the ending inventory balance for Ivanhoe Corporation, assuming the company uses a perpetual inventory system and the first-in, first-out (FIFO) cost formula. $ 17088 Ending inventory