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(LO 6) Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic Inventory system. Determine the cost assigned to
(LO 6) 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. Units Sold at Retail Units Acquired at Cost 240 units @ $19 265 units @ $21 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 185 units @ $29 145 units @ $22 135 units @ $30 Multiple Choice $4,843 $9,300 $6.450 O O $7.900 57.900 O $4.350
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