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 5 Purchase 10 Sales 15 Purchase 24 Sales Multiple Choice $7,975 $14,935 $6,960 $7,775 $7,160 Units Acquired at Cost Units Sold at Retail 320 units @ $17 305 units @ $19 225 units @ $27 185 units @ $20 175 units @ $28