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A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 430 @ $5.00 May 3 215 @ $7.00

A record of transactions for the month of May was as follows:

Purchases Sales
May 1 (balance) 430 @ $5.00 May 3 215 @ $7.00
4 1,390 @ $4.90 6 1,080 @ 7.00
8 820 @ $5.10 12 920 @ 7.50
14 720 @ $5.20 18 410 @ 7.50
22 1,240 @ $5.30 25 1,410 @ 8.00
29 580 @ $5.35

Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO.

Ending inventory $

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