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Check Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic Inventory system Determine the cost assigned to ending

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Check 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 Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 250 units @ $10 Purchase 270 units @ $12 10 Sales 190 units @ $20 15 Purchase 150 units @ $13 Sales 140 units @ $21 S 24 O $4,580 O $3,150 $5,180 $3,580 $3,260

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