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Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date, Activity, Quantity, Unit

Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019:

Date, Activity, Quantity, Unit Price

5/1, Beginning Inventory, 175, $10.00

5/5, Purchase, 200, $11.00

5/10, Sales, 300, $25

5/15, Purchase, 200, $12.50

5/20, Sales, 250, $28

5/25, Purchase, 150, $12.50

Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May.

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