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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

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.
Date Activities Units Acquired at Cost Units Sold at Retail
May 1 Beginning inventory 160 units @ $10= $1,600
May 5 Purchase 230 units @ $12= $2,760
May 10 Sales 150 units @ $20
May 15 Purchase 110 units @ $13= $1,430
May 24 Sales 100 units @ $21

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