3 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. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 210 units $16 Purchase 250 units $18 10 Sales 170 units 526 15 Purchase 130 units $19 24 Sales 120 units $27 5 2531 Multiple Choice $5,530 $4,800 $5,340 O $4,990 $5,440