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Help! Please! MC Qu. 161 Salmone Company reported... Salmone Company reported the following purchases and sales of its only product Salmone uses a perpetual inventory

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MC Qu. 161 Salmone Company reported... 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. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 230 units @ $18 5 Purchase 260 units . $20 10 Sales 180 units 0 $28 15 Purchase 140 units @ $21 24 Sales 130 units @ $29 Multiple Choice $6,460 $5,950 $6 540 35.740

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