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 May 1 May 5 May 10 May 15 May 24 Beginning inventory Purchase Sales Purchase Sales Multiple Choice $2,600 $2,730 $3,330 Activities $3,210 Units Acquired at Cost 164 units @ $10 = $1,640 234 units @ $12 = $2,808 114 units @ $13 = $1,482 Units Sold at Retail 154 units @ $20 104 units @ $21

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 LFF. Multiple Choice. $2,600 $2,730 $3.330 $3,210