Item4 2 points Time Remaining 11 minutes 21 seconds00:11:21 Item 4 Time Remaining 11 minutes 21 seconds00:11:21 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 154 units @ $10 = $1,540 May 5 Purchase 224 units @ $12 = $2,688 May 10 Sales 144 units @ $20 May 15 Purchase 104 units @ $13 = $1,352 May 24 Sales 94 units @ $21 Multiple Choice $2,902 $2,642 $2,912 $3,032 $2,548