Question: Question Completion Status: O 0.21 QUESTION 5 Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system.

Question Completion Status: O 0.21 QUESTION 5 Salmone Company reported the

Question Completion Status: O 0.21 QUESTION 5 Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. Units Sold at Retail Units Acquired at Cost 150 units @ $10.00 220 units @ $12.00 Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales 140 units @ $20.00 100 units @ $13.00 90 units @ $21.00 $2,590 $2,580 O $2,860 $2,850 O $2,460 CHICCTING Save AA Click Save and Submit to save and submit. Click Save All Answers to save all answers. a

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