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	166 units @ $10 = $1,660
May 5	Purchase	236 units @ $12 = $2,832
May 10	Sales		156 units @ $20
May 15	Purchase	116 units @ $13 = $1,508
May 24	Sales		106 units @ $21

Multiple Choice

• $2,740

• $3,740

• $2,340

• $2,644

• $3,596