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	190 units @ $10 = $1,900
May 5	Purchase	260 units @ $12 = $3,120
May 10	Sales		180 units @ $20
May 15	Purchase	140 units @ $13 = $1,820
May 24	Sales		130 units @ $21

$3,500

$3,340

$3,370

$3,110

$3,380