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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system cost assigned to ending inventory using LIFO

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system cost assigned to ending inventory using LIFO the May 1 Beginning Inventory 150 units$10.00 220 units $12.0o 5 Purchase 10 Sales 15 Purchase 24 Sales 140 units $20.00 90 units $21.00 100 units $13.00

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