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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

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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. Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 150 units $10.00 220 units $12.00 140 units $28.00 100 units $13.00 90 units $21.00 Multiple Choice $2460 o $2.590 $2.860 Next > : 2 of 40

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