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 May 1 May 5 Activities Beginning inventory Purchase Units Acquired at Cost 190 units $10 = $1,900 260 units $12 = $3,120 Units Sold at Retail May 10 Sales 180 units $20 May 15 May 24 Purchase 140 units @ $13 = $1,820 Sales 130 units $21 Multiple Choice $3,500 $3,340 $3,370 00 $3,110 $3,380