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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

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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 Date May 1 5 10 15 24 varded Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 200 units @ $15 245 units @ $17 165 units @ $25 ed 125 units @ $18 115 units @ $26 Multiple Choice $4,875 $4,530 $4,540 $4,360 $4,385

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