Saved 111-Test #2 (Chapters 4-6 Par Help Save & Exit Submit 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. Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Units Acquired at Cost 150 units @ $10 = $1,500 220 units @ $12 = $2,640 Units Sold at Retail Sales Purchase 100 units @ $13 = $1,300 Sales 140 units @ $20 90 units @ $21 Multiple Choice $2,980 $2,460 $2,850 < Prev 11 of 18 Next >