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. Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning inventory 180 units @ $10 = $1,800 May 5 Purchase 250 units @ $12 = $3,000 May 10 Sales 170 units @ $20 May 15 Purchase 130 units @ $13 = $1,690 May 24 Sales 120 units @ $21

$2,980 $3,960 $2,880 $3,880 $2,550