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TB MC Qu. 06-162 Salmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine cost assigned to the ending inventory using FIFO. Date Units Sold at Retail May 1 Units Acquired at Cost 250 units @ $10 270 units @ $12 NGO up Activities Beginning Inventory Purchase Sales Purchase Sales 190 units @ $20 150 units @ $13 140 units @ $21 Multiple Choice $4.230