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 Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 280 units $13 5 Purchase 285 units $15 10 Sales 205 units@ $23 15 Purchase 165 units $16 24 Sales 155 units@ $24 Multiple Choice $5.360 $5.000 S4840 $5215 ss.555 Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method 22 units at $20 Beginning inventory June 1 each Sale of 14 units for $50 each June 15 14 units at $25 18 June 29 Purchase each The cost of the ending inventory is Multiple Choice $280 $440 $510 $550 $350