Question: b Saod Help Save te Sum Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system Determine

Saod Help Save te Sum Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at cost May 1 Beginning inventory Units sold at Retail 168 units e $10 - $1,680 May 5 Purchase 238 units @ $12 - $2,856 May 10 Sales 158 units $20 May 15 Purchase 118 units @ $13 - $1,534 108 units $21 May 24 Sales Multiple Choice $3,310 $3,430 multiple Choice Help S $3,310 $3.430 13 $2,640 $2,770 $6,070

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