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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. 8 15 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 290 units @ $14 290 units @ $16 210 units @ $24 170 units @ $17 160 units @ $25 Multiple Choice O $11,590 O $6,000 0 3 O $5,340

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