Help Save & EX Peterson Company reported the following purchases and sales of its only product. Peterson uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 300 units @ $15 Purchase 295 units @ $17 10 Sales 215 units @ $25 Purchase 175 units @ $18 24 Sales 165 units @ $26 5 15 Multiple Choice 0 $5,860 0 $6,805 0 $6,625 0 $6,040