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Sve Help Salmone Company reported the following purchases and sales for its only product Salmone uses a periodic inventory system. Determine the cost assigned to

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Sve Help Salmone Company reported the following purchases and sales for its only product Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using UFO Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 152 units @ $18.00 May 5 Purchase 220 units @ $12.00 May 10 Sales 140 units @ $20.00 May 15 Purchase 100 units @ $13.00 Sales 90 units $21.00 May 24 Multiple Choice $250 $2.500 1270 52 0

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