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Salmone Company reported the following purchases and sales of its only product. Salmone uses a...

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Accounting

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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. Units Sold at Retail Date May 1 5 10 Units Acquired at Cost 310 units @ $16 300 units @ $18 Activities Beginning Inventory Purchase Sales Purchase Sales 220 units @ $26 180 units @ $19 15 24 170 units @ $27 $6,590 $7,040 $7,380 $13,780 $6.400

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