51 Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 250 units @ $10 5 Purchase 270 units @ $12 10 Sales 190 units @ $20 15 Purchase 150 units @ $13 Sales 140 units @ $21 175 points 24 00:10:57 Multiple Choice $5.180 $3,580 Saved Help Save $5,180 $3,580 $3,260 $3150 $4.580