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 Activities May 1 Beginning Inventory May 5 Purchase Units Acquired at Cost 210 units $16 Units Sold at Retail 250 units @ $18 May 10 May 15 May 24 Sales Purchase Sales Multiple Choice O O O O O $4,990 $5,530 $5,340 $4,800 $10,330 170 units $26 130 units $19 120 units @ $27