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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 Units Acquired at Cost 250 units @ $10 270 units @ $12 Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales 190 units @ $20 150 units @ $13 140 units @ $21 Multiple Choice 0 $3,860 0 $3,460 0 $3,590 $3,590 0 54,100 $4,100 0 $4,230

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