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. Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 310 units @ $16 300 units $18 220 units @ $26 180 units @ $19 170 units @ $27 Multiple Choice $7,380 O $12,780 O $6,590 $7.040 O $6.00