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 1 points Units sold at Retail Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 170 units @ $10 = $1,700 240 units @ $12 = $2,880 May 1 May 5 May 10 May 15 May 24 160 units @ $20 120 units @ $13 = $1,560 eBook 110 units @ $21 Multiple Choice References $3.240 $2.900 $3.110 $2.850 $3.120 2 Salmone Company reported the following purchases and sales for its only product. Salmone uses a periodic Inventory system. Determine the cost assigned to cost of goods sold using LIFO. Units sold at Retail points Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at cost 174 units @ $10 = $1,748 244 units @ $12 = $2,928 164 units @ $20 124 units @ $13 - $1,612 eBook 114 units @ $21 Print Multiple Choice References O $2.830 O $3.450 $2.020 $3.460 O $2.749