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

$11.50

5/5

Purchase

200

$12.50

5/10

Sales

300

$25

5/15

Purchase

200

$13.00

5/20

Sales

250

$28

5/25

Purchase

150

$14.00

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