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 270 units @ $12 280 units @ $14 Activities Beginning Inventory Purchase Sales Purchase Sales 200 units @ $22 160 units @ $15 24 150 units @ $23 Multiple Choice $4,360 $4,510 $4,500 $5,060 $5,050