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. Activities Beginning inventory Purchase 24 Date May 1 May 5 May 10 Sales ces May 15 Purchase May 24 Sales Units Acquired at Cost 176 units $10-$1,760 246 units $12 - $2,952 Units Sold at Retail 166 units @ $20 126 units $13 - $1,638 116 units @ $21