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. Activities Beginning Inventory Purchase Date May 1 5 10 Sales 15 Purchase 24 Sales Units Acquired at Cost Units Sold at Retail 220 units @ $17 255 units $19 175 units @ $27 135 units @ $20 125 units @ $28 Multiple Choice $5,460 $6.025 $11,285 $5,260