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Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for...

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 $12.00, 5/5 Purchase 200 $12.00, 5/10 Sales 300 $25, 5/15 Purchase 200 $13.50, 5/20 Sales 250 $28, 5/25 Purchase 150 $13.50 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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