MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 12) Salmone Company reported the following purchases and sales for its only product. 12) Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date Activities Units Sold at Retail May 1 Beginning Inventory 5 Purchase Units Acquired at Cost 150 units @ $10.00 220 units @ $12.00 10 Sales 140 units @ $20.00 100 units @ $13.00 15 Purchase 24 Sales 150 units @ $21.00 A) $2,100 B) $2,260 C) $3,580 D) $1,860 E) $3,180 2