Ch 5 Quiz 10 Saved YouTube Help Save & Exit Submit TB MC Qu. 05-161 (Algo) Salmone Company reported... Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO 15 points Date Activities May 1 Beginning inventory May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales Multiple Choice Units Acquired at Cost 182 units $10-$1,820 252 units $12 - $3,024 132 units $13 - $1,7161 Units Sold at Retail 172 units @ $20 122 units $21 Other