Question 8 (7 points) Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Quantity Unit Price Date Activity 5/1 Beginning Inventory $11.00 175 5/5 Purchase $12.00 200 5/10 Sales 300 $25 5/15 Purchase $12.50 200 5/20 Sales $28 250 5/25 Purchase $13.00 150 Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May. Round to the nearest cent