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.
A) $5,440
B) $2,460
C) $2,590
D) $2,980
E) $2,860
C) $2,590
Explanation: (150 * $10 = $1,500) + (80 * $12 = $960) + (10 * $13 = $130) = $2,590
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