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 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 160 units $10-$1,600 230 units $12 - $2,760 110 units @ $13 - $1,430 Units Sold at Retail 150 units @ $20 100 units $21 Multiple Choice $3.110 $2,680 $2.980