TB MC Qu$.05-158($Algo$)$ Salmone Company reported...

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.

$\backslash$table$[[$Date$,$Activities,Units Acquired at cost$,$Units Sold at Retail$],[$May $1,$Beginning inventory,$162$ units @ $$10=$$$1,620,],[$May $5,$Purchase,$232$ units @$$12=$$$2,784,],[$May $10,$Sales,$112$ units @$$13=$$$1,456,152$ units @ $$20$