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 $164$units @ $$10=$$$1,640$May $5$Purchase $234$units @ $$12=$$$2,808$May $10$Sales $154$units @ $$20$May $15$Purchase $114$units @ $$13=$$$1,482$May $24$Sales $104$units @ $$21$Multiple Choice $$2,772$$$3,032$$$3,162$$$3,042$$$2,768$

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