24 Sales 170 units @ $27 Multiple Choice $7,040 O $6,400 O $6,590 O O $7,190 $7,380 Launchpad

Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO Date May I 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired 310 300 180 units units units at Cost @ $16 $18 @ $19 Units Sold at Retail 220 units @ $26 170 units @ $27 Multiple Choice O O O Launchpad $7,040 $6,400 $6,590 $7.190