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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. Units Sold at Retail Date May 1 Units Acquired at Cost 170 units @ $12 230 units @ $14 Activities Beginning Inventory Purchase Sales Purchase Sales 150 units @ $22 110 units @ $15 100 units @ $23 Multiple Choice 0 $6.910 0 $3,160 o $3,310 0 $3,750 0 $3,640

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