A record of transactions for the month of May was as follows: May Purchases May 1 (balance) 400 @ $5.00 4 1,300 @ $4.90 8 800 @$5.10 14 700 @ $5.20 22 1,200 @ $5.30 29 500 @ $5.35 Sales 3 200 @ $7.00 6 1,000 @ 7.00 12 900 @ 7.50 18 400 @ 7.50 25 1,400 @ 8.00 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory