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 May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales Units Acquired at Cost 320 units @ $17 395 units @ $19 225 units @ $27 185 units @ $20 175 units @ $28 Multiple Choice $7.975 . Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, its Cash account shows a debit balance of $60,709. Easton's June bank statement shows $58,749 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit Outstanding checks Check printing fee, not yet recorded by company Interest earned on account, not yet recorded by the company $3,950 $1,975 $ 16 $ 31 The adjusted cash balance should be: Multiple Choice $60 693