B. Date Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 318 units @ $16 Purchase 300 units @ $18 Sales 220 units $26 189 units $19 178 units @ $27 5 10 15 24 Purchase Sales Multiple Choice