Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. 9) Units Aequired at Cost Units Sold at Retail Date Activities May 1 Beginning Inventory 150 units $10.00 220 units @$12.00 5 Purchase 10 Sales 15 Purchase 24 Sales 140 units @ $20.00 100 units@ $13.00 150 units$21.00 A) S3,580 B)$2,100 C) $1,860 D) $3,180 E)S2,260 10) Days' sales in inventory is calculated as: A) Ending inventory divided by cost of goods sold. B) Cost of goods sold divided by ending inventory. C) Ending inventory times cost of goods sold. D) Ending inventory divided by cost of goods sold times 365. E) Cost of goods sold divided by ending inventory times 365. 11) A company had the following purchases during the current year: January February May: September: November 10 units at $120 20 units at $130 15 units at $140 12 units at $150 10 units at $160 On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory? A) $3,800. B) $3,640. C)S3,500. D) $3,280. E) $3,960