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.

Units Sold at Retail Date Activities May 1 Beginning Inventory S Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 310 units @ $16 300 units @ $18 220 units @ $26 180 units @ $19 170 units @ $27 Multiple Choice O $7,380 O $6,400 O $7.190 $6,590 O $7,040