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 May 5 Purchase 156 units @ $10 226 units @ $12 = $ 1,560 = $ 2,712 May 10 Sales 146 units @ $20 May 15 Purchase 106 units @ $13 = $ 1,378 May 24 Sales 96 units @ $21 Multiple Choice $3,000 $3,010 $2,520 $2,650 < Prev 20 of 50 Next >