Date 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. Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 160 units @ $11 Purchase 225 units @ $13 10 Sales 145 units $21 Purchase 105 units @ $14 Sales 95 units @ $22 5 15 24