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BMC Qu. 05-158 (Algo) Salmone Company reported... Imone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system

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BMC Qu. 05-158 (Algo) Salmone Company reported... Imone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system etermine 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 184 units @ $10 = $1,840 254 units @ $12 - $3,048 174 units @ $20 134 units @ $13 = $1,742 124 units @ $21

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