(LO 6) 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	350 units @ $20
5	Purchase	320 units @ $22
10	Sales		240 units @ $30
15	Purchase	200 units @ $23
24	Sales		190 units @ $31

Multiple Choice

$9,880

$8,760

$9,650

$8,990

$9,560