TB MC Qu. 05-164 (Algo) Salmone Company reported the following... 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 May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 180 units @$10 = $1,800 250 units @ $12 = $3,000 Units Sold at Retail 130 units $13 = $1,690 170 units @ $20 120 units @ $21 Multiple Choice