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. Units Sold at Retail Date May 1 5 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost 190 units @ $14 240 units @ $16 160 units @ $24 10 15 120 units @ $17 24 110 units @ $25 Multiple Choice $5,500 $3.288 O $4,100 $3,000 O O $5,300