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Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual 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 perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. 17 Units sold at Retail Units Acquired at Cost 152 units @ $10 = $ 1,520 222 units @ $12 - $ 2,664 8 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 01:40:09 142 units $20 102 units @ $13 - $ 1,326 92 units @ $21 cloak Multiple Choice $2,480 $2,610 O $3,030 . $2.910 o $2,900

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