Saved F%252Fnewconnect.m.. D Update Help Save & Exit Submit TB MC Qu. 05-162 (Algo) Salmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending Inventory using FIFO. Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at Cost 176 units @ $10-$1,760 246 units @ $12 $2,952 Units Sold at Retail 166 units @ $20 126 units @ $13-$1,638 116 units @ $21 Multiple Choice $3,318 $6,350