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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

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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 Units Sold at Retail Units Acquired at Cost 184 units @ $10 $1,840 254 units @ $12 $3,048 May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 174 units @ $20 134 units @ $13 $1,742 124 units @ $21

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