solve using lifo anf fifo

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual nventory system. Determine the cost assigned to the ending Inventory using FIFO Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 170 units$12 230 units$14 5 Purchase 10 Sales 15 Purchase 24 Sales 150 units@$22 110 units $15 100 units$23 Multiple Choice $3.640 3,600 $3,750