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 May 5 Purchase May 10 Sales May 15 May 24 Purchase Sales Multiple Choice $4,990 $4,163 $3,960 $6,140 $7,460 Units Acquired at Cost 280 units @ $13 Units Sold at Retail 285 units @ $15 205 units @ $23 165 units @ $16 155 units @ $24