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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic 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 periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Activities Units Sold at Retail Date May 1 Units Acquired at Cost 290 units @ $14 290 units @ $16 $24 210 units Beginning Inventory Purchase Sales Purchase Sales 10 15 24 170 units @ $17 160 units @ $25

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