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

TB MC Qu.05-161(Algo) Salmone Company reported...
Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO.
\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,182 units @ $10=$1,820,],[May 5,Purchase,252 units @ $12=$3,024,],[May 10,Sales,132 units @ $13=$1,716,172 units @ $20
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