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.

Date Activities Units Acquired at Cost Units Sold at Retail

May $1$ Beginning inventory $190$ units @ $$10=$ $$1,900$

May $5$ Purchase $260$ units @ $$12=$ $$3,120$

May $10$ Sales $180$ units @ $$20$

May $15$ Purchase $140$ units @ $$13=$ $$1,820$

May $24$ Sales $130$ units @ $$21$

Multiple Choice

$$3,220$

$$4,220$

$$2,980$

$$3,980$

$$2,700$