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 Beginning Inventory Purchase Sales Purchase Sales 290 units 8 $14 290 units $16 May 1 10 15 24 210 units $24 170 units $17 160 units $25 Multiple Choice $5,510 $5,900 $5,340 $6,250