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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetua/inventory system. Determine the cost assigned to the ending inventory

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetua/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 310 units & $16 300 units & $18 220 units @ $26 180 units $19 170 units @ $27 Multiple Choice O $7,380 O $6,400 O $7190 O 56,590

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