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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

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. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning inventory164 units @ $10= $1,640 May 5Purchase234 units @ $12= $2,808 May 10Sales 154 units @ $20May 15Purchase114 units @ $13= $1,482 May 24Sales 104 units @ $21Multiple Choice$2,768$3,162$3,042$3,032$2,772

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