Q: 7 Perch Company reported the following purchases and sales for its only product. Perch uses a perpetual inventory system. Determine the cost assigned to cading inventory using LIFO Date Activities Units Acquired at Cast Units Sold at Retail May Beginning Inventory 150 units S1000 Purchase 220 mts $12.00 10 Sales 140 units $20.00 15 Purchase 100 units $13.00 34 Sales 150 units $21.00 A $2.260 B. $3,180 C. S1,860 D. $3.580 E $2.100