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 Beginning Inventory 340 units $19 315 units e $21 5 Purchase 10 Sales 15 Purchase 24 Sales 235 units $29 195 units e $22 185 units 30 Multiple Choice $8,360 $9,005 $8,350 $9,015 $8140