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 Multiple Choice O O O Beginning inventory Purchase Sales Purchase Sales $3,124 $4,116 $2,940 Activities $3,940 Units Acquired at Cost 186 units @ $10 = $1,860. 256 units @ $12 = $3,072 136 units @ $13 = $1,768 Units Sold at Retail 176 units @ $20 126 units @ $21 Activate Wind

TB MC Qu. 05-164 (Algo) Solmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Saimone uses a periodicimventory system Determine the cost assigned to ending inventory using tifo Muliple Choice 53124 54,116 12940 $2040