17. Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning Inventory	270 units @ $12
5	Purchase	280 units @ $14
10	Sales		200 units @ $22
15	Purchase	160 units @ $15
24	Sales		150 units @ $23

Multiple Choice

• $9,560

• $4,360

• $4,510

• $5,200

• $4,840