TB MC Qu. 05-165 Salmone Company reported the following... Samone Company reported the folowing purchases and sanes for its only product. Salmone uses a periodic inventory system Determine the cost assigned to cost of goods sold using LIFO Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Mute Choc O O $1.400 SILIES O $450 O $6.095 31340 240 units 265 units Units Acquired at Cost $19 $21 Units Sold at Retail 185 units $29 145 units #$22 135 units $30