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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

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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. Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 166 units @ $10 = $1,660 236 units @ $12 - $2,832 156 units @ $20 116 units @ $13 = $1,508 186 units @ $21 $3,068 $3,058 O $2,798 $3,188 $2,812

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