almone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. etermine the cost assigned to cost of goods sold using LIFO. Date Activities May 1 Beginning inventory May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales Multiple Choice $2,850 Units Acquired at 176 units @ $10 246 units @ $12 = Cost $1,760 $2,952 Units Sold at Retail 166 units @ $20 126 units @ $13 - $1,638 116 units @ $21 O $3,500 O $2,840 $3,510 O $2,772