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 170 units @ $12 5 Purchase 238 units @ $14 10 Sales 158 units @ $22 15 Purchase 110 units @ $15 Sales 100 units @ $23 24 Multiple Choice $3,750 $3.560 $3.500 $3.210