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 Units Acquired at Cost 240 units @ $19 265 units @ $21 Date May 1 5 10 15 24 Activities Beginning Inventory Purchase Sales Purchase Sales 185 units @ $29 145 units @ $22 135 units @ $30 1 0 $7,075 0 $13,315 0 $6,240 0 $6,855 0