Current Attempt in Progress A record of transactions for the month of May was as follows: May May Purchases 1 (balance) 470 @ $5.40 4 1,330 @ $5.30 8 840 @ $5.50 14 740 @ $5.60 22 1,290 @ $5.70 29 550 @ $5.80 Sales 3 235 @ $7.00 6 1,020 @ 7.00 12 940 @ 7.50 7.50 18 470 @ 25 1,430 @ 8.00 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory $