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 $154$ units @ $$10=$ $$1,540$

May $5$ Purchase $224$ units @ $$12=$ $$2,688$

May $10$ Sales $144$ units @ $$20$

May $15$ Purchase $104$ units @ $$13=$ $$1,352$

May $24$ Sales $94$ units @ $$21$

$\backslash$table$[[$Date$,$Activities,Units Acquired at cost$,$Units Sold at Retail$],[$May $1,$Beginning inventory,$154$ units @ $$10=$$$1,540,],[$May $5,$Purchase,$224$ units @ $$12=$$$2,688,],[$May $10,$Sales,,$],[$May $15,$Purchase,$104$ units @ $$13=$$$1,352,],[$May $24,$Sales,,$94$ units @ $$21$