TB MC Qu. 06-162 Salmone Company reported the following... Date 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. Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 220 units @ $17 5 Purchase 255 units @ $19 10 Sales 175 units @ $27 15 Purchase 135 units @ $20 24 Sales 125 units $28 Multiple Choice 56025 Help Save Submit 56635