12 points TB MC Qu. 05-165 (Algo) Salmone Company reported the following... Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the LIFO Date May 1 Activities Beginning inventory Units Acquired at Cost Units Sold at Retail 156 units Purchase 226 units $10 - $1,560 $12 - $2,712 146 units @ $20 106 units $13 - $1,378 96 units $21 May 5 May 10 Sales eBook May 15 Purchase May 24 Sales Ask Print References Multiple Choice $2.650 $3,000 $2,640