Salmone Company reported the following purchases and sales of its only product. Saimone uses a...

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Accounting

Salmone Company reported the following purchases and sales of its only product. Saimone uses a pelpetualivientory system. Detemine the cost assigned to the ending inventory using FIFO.
\table[[Date,Activities,Units Acquired at Cost,Units sold at Retafi],[May 1,Beginning inventory,150 units @$10=$1,500,],[May 5,Purchase,220 units @ $12=$2,640,],[May 10,Sales,,140 units e $26
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