Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO Activities Units Acquired at Cost Units sold at Retail 280 units $13 285 units $15 Date Beginning Inventory May 1 5 Purchase 10 Sales 205 units $23 07 15 Purchase 165 units $16 24 Sales 155 units $24 Multiple Choice $5,360 $4,840 $5,000