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.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
May 1	Beginning Inventory	190 units @ $14
5	Purchase	240 units @ $16
10	Sales		160 units @ $24
15	Purchase	120 units @ $17
24	Sales		110 units @ $25

Multiple Choice

• $3,940

• $4,600

• $4,500

• $4,430

• $4,110