Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Activities Date May 1 May 5 May 101 Beginning inventory Purchase Sales Units Acquired at Cost 154 units $10 - $1,540 224 units @ $12 - $2,688 Units Sold at Retail 144 units @ $20 May 15 Purchase 104 units $13 - $1,352 May 24 Sales 94 units @ $21 Multiple Choice $3,032 $5,580 $2,548