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 150 units @ $10.00 5 Purchase 220 units @ $12.00 10 Sales 140 units @ $20.00 15 Purchase 100 units @ $13.00 24 Sales 90 units @ $21.00 Multiple Choice $2,260 $3,180 $2,580 $3,580 $2,100

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 Acquired at Cost Units Sold at Retail Date May 1 Beginning Inventory 150 units e $10.00 220 units $12.00 5 Purchase 10 Sales 15 Purchase 24 Sales 140 units $20.00 100 units $13.00 90 units $21.00 Multiple Choice $2260 $3180 $2.580 $3,580 $2100