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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic 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 periodic inventory system. Determine the cost assigned to ending inventory using LIFO. 01:19:45 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales. Units Acquired at Cost Units Sold at Retail 350 units @ $20 320 units @ $22 240 units @ $30 200 units @ $23 190 units @ $31 Multiple Choice o O $6,200 o o $8.980 O $10,480 o 0 $14.780

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