Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date Activities May 1 Beginning Inventory 5 Purchase 10 Sales 15 Purchase 24 Sales: Units Acquired at Cost Units Sold at Retail 240 units @ $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units @ $30 Multiple Choice $4,8431 $9,300