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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 FIF 16 Units Sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 188 units @ $10 = $1,880 258 units @ $12 = $3,096 178 units @ $20 138 units @ $13 = $1,794 128 units @ $21 Multiple Choice $3,474 o o O $3.296 O O $3.344 O O $3.084 O $3,354 O
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