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. Units Sold at Retail Units Acquired at Cost 260 units @ $11 275 units @ $13 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 195 units @ $21 155 units @ $14 145 units @ $22 Multiple Choice O $4,565 $4,705 O $4,040 0 $3,900 ( ) $4,340 to search