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 Sales May 15 Purchase May 24 Sales Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 182 units Purchase 252 units $10 = $1,820 $12 = $3,024 172 units @ $20 132 units $13 = $1,716 122 units @ $21 Multiple Choice $3,276 $3,164 $3,396 $3,266