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Salisbury Company uses the perpetual inventory system

/in /by

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 $10.50
5/10 Sales 300 $25
5/15 Purchase 200 $13.00
5/20 Sales 250 $28
5/25 Purchase 150 $13.00

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

 
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