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. Date Units Sold at Retail May 1 Units Acquired at Cost 240 units @ $19 265 units @ $21 5 Activities Beginning Inventory Purchase Sales Purchase Sales 10 185 units @ $29 15 145 units @ $22 24 135 units @ $30 Multiple Choice $6,460 $7,075 O $6,240 $6,855 O O $13,315