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 May 1 May 5 Beginning inventory Purchase Units Acquired at Cost 172 units @ $10 = $1,720 242 units $12 - $2,904 Units Sold at Retail May 10. Sales: 162 units $20 May 15 Purchase, 122 units @ $13 = $1,586 May 24 Sales: 112 units $21 Multiple Choice $3,136 $3,146 $3,266 $2,944 $2,876