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. Units Sold at Retail Units Acquired at Cost 280 units @ $13 285 units @ $15 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 205 units @ $23 165 units @ $16 155 units @ $24 Multiple Choice 55.000 $5.555 Next > $5,000 S5,555 $4.990 $5,565 $4840