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 280 units $13 285 units $15 5 Purchase 10 Sales 15 Purchase 24 Sales 205 units $23 165 units $16 155 units $24