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	158 units @ $10 = $1,580
May 5	Purchase	228 units @ $12 = $2,736
May 10	Sales		148 units @ $20
May 15	Purchase	108 units @ $13 = $1,404
May 24	Sales		98 units @ $21

Multiple Choice

$3,084

$2,636

$2,954

$2,694

$2,964