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

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Accounting

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory syste Determine the cost assigned to the ending inventory using FIFO.
\table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[May 1,Beginning inventory,160 units@ $10=$1,600,],[May 5,Purchase,230 units@ $12=$2,760,],[May 10,Sales,110 units@ $13=$1,430,150 units@ $20
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