Exercise 153 A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 400 $5.20 May 3 200 $7.00 6 1,000 7.00 12 900 7.50 18400 7.50 25 1,400 8.00 4 8 14 1,300 @ $5.10 800 @ $5.30 700 $5.40 1,200 @ $5.50 500 $5.55 29 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO Ending inventory Click if you would like to Show Work for this question: Open Show Work