TB MC Qu. 06-164 (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 Activities Beginning inventory Purchase Sales May 15 May 24 Purchase Sales Units Acquired at Cost 174 units $10-$1,740 244 units $12 - $2,928 Units Sold at Retail 164 units @ $20 124 units $13 = $1,612 114 units @ $21 Multiple Choice