Seved Help Save & Exit Submit TB MC Qu. 06-162 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 220 units @ $17 Purchase 255 units @ $19 10 Sales 175 units @ $27 Purchase 135 units @ $20 Sales 125 units @ $28 5 15 24 Multiple Choice