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8,1408,3608,90017,3659,225 9 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory assigned to ending inventory using LIFO.

8,1408,3608,90017,3659,225

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9 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 340 units @ $19 5 ints Purchase 315 units @ $21 10 Sales 235 units @ $29 15 Purchase 195 units @ $22 24 Sales 185 units @ $30 eBook Print Multiple Choice O $8,140 $8,360 O $8,900 $17.365

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