A record of transactions for the month of May was as follows: May 1 (balance) 4 8 14 22 Purchases 29 460 @ $5.40 1,380@ $5.30 845 @ $5.50 745 @ $5.60 1,230@ $5.70 560@ $5.75 Ending inventory LA $ May 3 A 230@ $8.00 $8.00 945 @ $8.50 400 @ $8.50 25 1,440 @ $9.00 6 12 Sales 18 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. 1,040 @

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 $