fits only product. Salmone uses a perpetual inventory system. Determine the cost Units Sold at Retail Salmone Company reported the following purchases and assigned to ending inventory using LIFO. Units Acquired at Cost Date Activities May 11 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Multiple Choice ( $6.590 $7,040 310 units $16 300 units $18 220 units @ $26 180 units @ $19 170 units @ $27 Pray 17 of 25 Next > B: Chapters 5 and 6 3 0:30:11 Saved Help Save & Exit Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date May 1 Activities Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Multipl $56,460 $6.855 Units Acquired at Cost Units Sold at Retail 240 units $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units $30