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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

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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 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 162 units 510 - $1,620 232 units 512 = $2,754 152 units 52 112 units $13 = $1,456 102 units $21

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