1 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. 0110001 Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost Units Sold at Retail 200 units @ $15 245 units @ $17 165 units e $25 125 units $18 115 units $26