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A record of transactions for the month of May was as follows: May May Purchases 1 (balance) 440 @ $5.50 4 1,310 @ $5.40 8

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A record of transactions for the month of May was as follows: May May Purchases 1 (balance) 440 @ $5.50 4 1,310 @ $5.40 8 890 @ $5.60 14 790 @ $5.70 22 1,200 @ $5.80 540 @ $5.85 Sales 3 220 @ $7.00 6 1,060 @ 7.00 12 990 @ 7.50 18 480 @ 7.50 25 1,430 @ 8.00 29 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory ta $

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