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.

1. Salmone Company reported the following purchases and sales of its only product. Salmone uses aperpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities Units Units Acquired at Sold at Cost Retail May Beginning 150 units @ 1 Inventory $10.00 5 Purchase 220 units @ $12.00 Sales 140 units @ $20.00 15 Purchase 100 units @ $13.00 90 units $21.00 $2,980 $2,860 $2,850 $2,460