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TB MC Qu . 0 5 - 1 6 0 ( Algo ) Salmone Company reported... Salmone Company reported the following purchases and sales of

TB MC Qu.05-160(Algo) Salmone Company reported...
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
\table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[May 1,Beginning inventory,156 units @ $10=$1,560,],[May 5,Purchase,226 units @ $12=$2,712,],[May 10,Sales,106 units @ $13=$1,378,146 units @ $20
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