9 TB MC Qu. 05-164 (Algo) Salmone Company reported the following... 1 points Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date May 1 May 5 Rock Activities Beginning inventory Purchase Units Acquired at Cost 168 units @ $10 = $1,680 238 units @ $12 $2,856 Units Sold at Retail = May 10 Sales 158 units @ $20 Ask May 15 Purchase 118 units @ $13 = $1,534 Print May 24 Sales 108 units @ $21 References Multiple Choice $2,692