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Salisbury Company uses the perpetual inventory system and had the following inventory & sales activi

Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019:DateActivityQuantityUnit Price5/1Beginning Inventory175$10.505/5Purchase200$10.505/10Sales300$255/15Purchase200$12.505/20Sales250$285/25Purchase150$14.00Using 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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