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 Units Acquired at Cost 190 units @ $14 240 units @ $16 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 160 units @ $24 120 units @ $17 110 units @ $25 Multiple Choice O O $8,540 O $3,940 $4,110 O $4,600 auchnad Multiple Choice O O $8,540 O $3,940 O $4,110 $4,600 O $4,500 O Launchpad