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 Units Sold at Retail Units Acquired at Cost 150 units @ $10 = $1,500 220 units @ $12 = $2,640 May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales 140 units @ $20 100 units @ $13 = $1,300 90 units @ $21 Multiple Choice $2,860 $2,850 $2,460 O $2,590 $2,980