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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Units Sold at Retail Date May 1 5 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 300 units @ $15 295 units @ $17 10 215 units @ $25 15 24 175 units @ $18 165 units @ $26 Multiple Choice $6,040 $6,625 $12,665 $6,805 $5,860