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 Units Acquired at Cost 280 units @ $13 285 units @ $15 Date May 1 May 5 May 10 May 15 May 24 Activities Beginning Inventory Purchase Sales Purchase Sales 205 units @ $23 165 units @ $16 155 units @ $24 Multiple Choice $5,715 $10,555 $5,000 $4,840 $5,555