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 Units Sold at Retail
May 1 Beginning Inventory 270 units @ $12
5 Purchase 280 units @ $14
10 Sales
200 units @ $22
15 Purchase 160 units @ $15
24 Sales
150 units @ $23

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