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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. Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 240 units @ $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units @ $30 Saved Help Save & Exit Subm $6,460 $6,855 $6,450 $6,865 56 240

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