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 Units Sold at Retail Units Acquired at Cost 170 units @ $10 = $1,700 240 units @ $12 = $2,880 May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 160 units @ $20 120 units @ $13 = $1,560 110 units @ $21