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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 Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 190 units @ $14 240 units @ $16 168 units @ $24 120 units @ $17 110 units @ $25

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