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 Units Acquired at Cost Units sold at Retail May 1 Beginning Inventory 280 units @ $13 Purchase 285 units @ $15 Sales 205 units e $23 15 Purchase 165 units e $16 24 Sales 155 units @ $24 5 10 Multiple Choice $5,000 $5,715 $5,555 $4,840 $10.555