A record of transactions for the month of May was as follows: May 1 (balance) 4 8 14 22 Purchases 29 480 @ $5.50 1,390@ $5.40 800@ $5.60 700 @ $5.70 1,250@ $5.80 560 @ $5.85 Ending inventory $ May 3 6 Sales 12 240 @ $8.00 1,080 @ $8.00 900@ $8.50 18 450@ $8.50 25 1,400 @ $9.00 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO.

A record of transactions for the month of May was as follows: Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory $