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 Activities Units Acquired at Cost Units Sold at Retail

May $1$ Beginning inventory $160$ units @ $$10=$ $$1,600$

May $5$ Purchase $230$ units @ $$12=$ $$2,760$

May $10$ Sales $150$ units @ $$20$

May $15$ Purchase $110$ units @ $$13=$ $$1,430$

May $24$ Sales $100$ units @ $$21$

Multiple Choice

$$2,680$

$$2,990$

$$2,980$

$$2,720$

$$3,110$