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. Units Sold at Retail Units Acquired at Cost 178 units @ $10 = $1,780 248 units @ $12 = $2,976 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 168 units @ $20 128 units @ $13 = $1,664 118 units @ $21