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Salmone Company reported the following purchases and sales for its only product Salmone uses a perpetua/inventory system. Determine the cost assigned to cost of goods

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Salmone Company reported the following purchases and sales for its only product Salmone uses a perpetua/inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date May 1 5 1844 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 320 units @ $17 305 units $19 225 units @ $27 185 units @ $20 175 units e $28 15 24

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