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 1	Beginning inventory	162 units @ $10 = $1,620
May 5	Purchase	232 units @ $12 = $2,784
May 10	Sales		152 units @ $20
May 15	Purchase	112 units @ $13 = $1,456
May 24	Sales		102 units @ $21

Multiple Choice

• $5,860

• $2,580

• $2,710

• $3,280

• $3,160