1.

a. 3,006

b. 2,504

c. 2,876

d. 2,616

e. 2,886

2.

a. 2,356

b. 3,284

c. 2,620

d. 3,620

e. 2,160

3. a. 3,266

b. 6,210

c. 2,944

d. 3,400

e. 3,074

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Units Acquired at Cost 152 units @ $10 = $1,520 222 units @ $12 = $2,664 = Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 142 units @ $20 102 units @ $13 $1,326 92 units @ $21 Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Units Sold at Retail Units Acquired at Cost 154 units @ $10 $1,540 224 units @ $12 $2,688 = = Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 144 units @ $20 104 units @ $13 = $1,352 94 units @ $21 Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 = Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 172 units @ $10 = $1,720 242 units @ $12 $2,904 162 units @ $20 122 units @ $13 $1,586 112 units @ $21