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. Date Activities Units Acquired at Cost Units Sold at Retail May Beginning Inventory 260 units a $11 275 units $13 5 Purchase 10 Sales 15 24 Sales 195 units $21 Purchase 155 units $14 145 units $22