Question: Saved Help Save & E Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic inventory system. Determine the

Saved Help Save & E 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 180 units @ $13 Purchase *235 units @ $15 155 units @ $23 Date 5 10 15 24 Sales Purchase Sales 115 units @ $16. 105 units e $24 Multiple Choice O $4,165 O $3,540 O $4,005 $7,705 $3,700

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