Salmone Company reported the following purchases and sales of its only product Saimone 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 270 units $12 May 5 Purchase 280 units @ $14 May 10 Sales 200 units @ $22 May 15 Purchase 160 units $15 May 24 Sales 158 units $23 Multiple Choice O $4.360 55.050 $5,200 4510 9560