Date Smith Company had the following purchases and sales of its only product Smith uses a periodic inventory system. Determine the cost assigned to ending Inventory using LIFO Activities Units Acquired at Cost Beginning Inventory Units sold at Retail 160 units $11 May 5 Purchase 225 units & $13 May 10 Sales 145 units $21 May 15 Purchase 105 units $14 May 24 Sales 95 units & $22 May 1 Multiple Choice 52030 C 52.400 51900 O 51700 52.310