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 May 1 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 162 units @ $10 = $1,620 May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales 232 units @ $12 = $2,784 152 units @ $20 112 units $13 = $1,456 102 units @ $21 Multiple Choice O O O $3,280 $5,860 $2,710 $3,160 $2,580 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Activities Units Acquired at Cost Beginning inventory 152 units @ $10 = $1,520 222 units @ $12 = Date May 1 May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales Units Sold at Retail $2,664 142 units @ $20 92 units @ $21 102 units @ $13 = $1,326 Multiple Choice $2,876 $2,504 $2,886 $3,006 $2,616