Home /
Expert Answers /
Accounting /
salmone-company-reported-the-following-purchases-and-sales-of-its-only-product-salmone-uses-a-perp-pa985
(Solved): Salmone Company reported the following purchases and sales of its only product. Salmone uses a perp ...
![Multiple Choice
\[
\$ 2,900
\]
\( \$ 3,240 \)
53,120
53,110
\( \$ 2.850 \)](https://media.cheggcdn.com/study/ba4/ba47a191-e61b-4c3a-a3c9-a08570a74c9b/image)
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory systen Determine the cost assigned to the ending inventory using FIFO.
Multiple Choice \[ \$ 2,900 \] \( \$ 3,240 \) 53,120 53,110 \( \$ 2.850 \)
Expert Answer
First in first out Cost of goods purchased Cost of goods sold Ending Balance Unit Unit cost Total cost Unit Unit