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 $164$ units @ $$10=$ $$1,640$

May $5$ Purchase $234$ units @ $$12=$ $$2,808$

May $10$ Sales $154$ units @ $$20$

May $15$ Purchase $114$ units @ $$13=$ $$1,482$

May $24$ Sales $104$ units @ $$21$

Multiple Choice

$$2,772$

$$3,032$

$$3,162$

$$3,042$

$$2,768$