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 Units Acquired at Cost 154 units e$10 = $1,540 224 units $12 - $2,688 Activities Beginning inventory Purchase Sales Purchase Sales May 5 May 10 May 15 May 24 144 units $20 104 units @ $13 - $1,352 94 units @ $21