Qu. 05-162 (Algo) Salmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic Inventory system. Determine the cost assigned to ending Inventory using FIFO. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning inventory 158 units @ $10 = $1,589 May 5 Purchase 228 units @ $12 = $2,736 May 10 Sales 148 units @ $2e May 15 Purchase 108 units @ $13 = $1,404 May 24 Sales 98 units @ $21