Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 154 units @ $10 = $1,540 May 5 Purchase 224 units @ $12 = $2,688 May 10 Sales 144 units @ $20 May 15 Purchase 104 units @ $13 = $1,352 May 24 Sales 94 units @ $21.

possible solutions are

• 2,630

• $2,950

• $2,620

• $2,960

• $2,508