assigned to cost of goods sold using LIFO. Simone uses a perpetual inventory system Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 174 units @ $10 = $ 1,740 244 units @ $12 = $ 2,928 164 units @ $2e 124 units @ $13 - $ 1,612 114 units @ $21 Multiple Choice $3,460 $3 450 o $3.500 52.830 $2.700 22 AM 74F Sunny Ad