LE : ACCT109 1001 R . McGraw Hill Education Can Chapter Five Quiz X A https:/ewconnect.mheducation.com/flow/connect.html . . . r Five Quiz i Saved Help Save & Exit Submit 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 May 1 Beginning Inventory Units Sold at Retail 160 units @ $11 in Purchase 225 units @ $13 10 Sales 145 units @ $21 15 Purchase 105 units @ $14 24 Sales 95 units @ $22 Multiple Choice O $3,355 O $3,215 Prev 9 of 10 Next > 12:23 PM 1 (1) 12/14/2019