The inventory records for Shelton Co. reflect the following:

Beginning inventory at May 1

May 7 purchase

May 17 purchase

May 23 purchase

Units

125

340

500

150

Cost/Unit

$4.00

$4.50

$4.75

$4.80

Sales on May 31

900

$7.50

Assuming the company uses the LIFO inventory method, determine the following (round to the nearest dollar):

1. Sales Revenue
2. Cost of Goods Sold
3. Gross Profit
4. Ending Inventory