TB MC Qu. 162 (Algo) Salmone Company reported the following... 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. Date Activities Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 180 units e $13 May 5 Purchase 235 units e $15 May 10 Sales 155 units $23 May 15 Purchase 115 units $16 May 24 Sales 105 units $24 Multiple Choice $3.510 54,005