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 UFO. Date Activities Units Acquired at cost Units sold at Retail May 1 Beginning inventory 170 units 510 = $1,700 May 5 Purchase 240 units $12 = $2,880 May 10 Sales 160 units @ $20 May 15 Purchase 120 units $13 = $1,560 May 24 Sales 110 units @ $21 Multiple Choice $2.00 $3700 52780