Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetua/inventory syste 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 150 units @ $10.00 220 units @ $12.00 140 units @ $20.00 100 units @ $13.00 90 units @ $21.00 Multiple Choice O $5.440 $2.460 $2,590 52.980 $2.860 o 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 Date May 1 5 le 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 330 units @ $18 310 units @ $20 230 units @ $28 190 units @ $21 180 units @ $29 Multiple Choice $5.908 $12060 $7740 $9140 55.510 19 of 15 Nead > Salmone Company reported the following purchases and sales for its only product, Salmone uses a periodic inventory system Determine the cost assigned to cost of goods sold using LIFO Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 240 units @ $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units @ $30 Multiple Choice $6,460 $6,855 $6,450 $6.865 $6.240