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 Activities Mary 1 Beginning Inventory S Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 340 units $19 315 units 521 235 units @ $29 195 units @ $22 185 units 530