TB MC Qu$.05-162($Algo$)$ Salmone Company reported the following...

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perlodic Inventory system. Determine the cost assigned to the ending Inventory using FIFO.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$May $1,$Beginning inventory,$190$ units @ $$10=$$$1,900,],[$May $5,$Purchase,$260$ units @ $$12=$$$3,120,],[$May $10,$Sales,$140$ units @ $$13=$$$1,820,180$ units @ $$20$