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. Units Sold at Retail Date May 1 Units Acquired at Cost 190 units @ $14 240 units @ $16 Activities Beginning Inventory Purchase Sales Purchase Sales 10 160 units @ $24 120 units @ $17 24 110 units @ $25 Multiple Choice O 84.110 $8,540 $3,940 $4,600 $4,430