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. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 188 units @ $10 - $ 1,880 May 5 Purchase 258 units @ $12 = $ 3,096 May 10 Sales 178 units @ $20 May 15 Purchase 138 units @ $13 = $ 1,794 May 24 Sales 128 units @ $21 $3,810 $2,916 $2,970 $3,800 $2,980 QUESTION 12 5 poll Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetua inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date Activities Units Acquired at Cost Unita Sold at Retail May 1 Beginning inventory 164 units @ $10 - $1,640 May 5 Purchase 234 units @ $12 $ 2,808 May 10 Sales 154 units @ $20 May 15 Purchase 114 units @ 513 - $ 1,482 May 24 Sales 104 units @ $21 53,210 $3,330 $2,600 O $3,200 $2,730