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A company had the following purchases and sales during its first year of operations: Purchases January: 11 units at $145 February: 21 units at $150 May: 16 units at $155 September: 13 units at $160 November: 11 units at $165 Sales 5 units 6 units 10 units 9 units 12 units On December 31, there were 30 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending Inventory? (Assume all sales were made on the last day of the month.) 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. Unit Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Aequired at cost 350 units $20 320 units $22 240 units e $30 200 units e $23 190 units @ $31 Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 330 units $18 May 5 Purchase 310 units $20 May 10 Sales 230 units e $28 May 15 Purchase 190 units $21 Sales 180 units $29 May 24