View Policies Current Attempt in Progress A record of transactions for the month of May was as follows: Purchases Sales May 1 (balance) 400 @ $5.00 May 3 200 @ $7.00 4 1,300 @ $4.90 6 1,000 @ 7.00 8 800 @ $5.10 12 900 @ 7.50 4 22 29 14 700@ $5.20 18 400@ 7.50 1,200 @ $5.30 25 1,400 @ 8.00 500 @ $5.35 Assuming that perpetual inventory records are kept in dollars, determine the ending inventory using LIFO. Ending inventory