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 190 units @ $14 240 units @ $16 Activities Beginning Inventory Purchase Sales Purchase Sales 160 units $24 le 120 units @ $17 110 units @ $25 Help Save & Exit S4,110 S4 430 S4,100 $4,440 53,940 A company had beginning inventory of 12 units at a cost of $27 each on March 1. On March 2, it purchased 12 units at $48 each. On March 6 it purchased 7 units at $32 each. On March 8, it sold 28 units for $75 each. Using the FIFO perpetual Inventory method, what was the cost of the 28 units sold? Multiple Choice O s937 $1,028 O $896 Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: . August 2 August 18 August 29 2 4 units were purchased at $5 per unit. 29 units were purchased at $7 per unit. 26 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $158.34 $323.00