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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

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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 180 units @ $13 235 units @ $15 155 units @ $23 115 units @ $16 105 units @ $24 $3,540 $7,705 $4.165 $4,060 $3.700

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