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 Activities Beginning inventory May 5 Purchase Units Acquired at Cost 170 units @$10 - $1,700 240 units @$12 - $2,880 Units Sold at Retail May 10 Sales 160 units @ $20 May 15 Purchase 120 units @$13 - $1,560 May 24 Sales 110 units @ $21