TB MC Qu. 05-165 (Algo) Salmone Company reported the following... 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 LIFO. Date May 1 May 5 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory Purchase 152 units @ $10 = $1,520 222 units @ $12 $2,664 = May 10 Sales 142 units @ $20 May 15 Purchase 102 units @ $13 = $1,326 May 24 Sales 92 units @ $21 Multiple Choice