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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 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 200 units e $15 245 units @ $17 165 units @ $25 15 125 units @ $18 24 115 units @ $26

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