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

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Accounting

Salmone Company reported the following purchses and sales of its only product. Salmone uses a perpetual inventory system. Determin sold using FIFO.
\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[May 1,Beginning inventory,154 units @$10=$1,540,2],[May 5,Purchase of,224 units @ $12=$2,688,],[May 10,Sale ?bar(f),,144 units @ $20
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