TB MC Qu. 05-158 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. Units Sold at Retail Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 310 units $16 300 units $18 220 units @ $26 180 units @ $19 170 units @ $27 Multiple Choice $7,380 $6.400 O $7190 $6,590 $7040