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Help Save Salimone Company reported the following purchases and sales of its only product. Selmone uses a perpetual inventory system, Determine the cost essigned to

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Help Save Salimone Company reported the following purchases and sales of its only product. Selmone uses a perpetual inventory system, Determine the cost essigned to the ending inventory using FIFO Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 340 units $19 315 units $21 5 Purchase 10 Sales 15 Purchase 24 Sales 235 units $29 195 units $22 185 units $30 Mutiple Choice

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