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. Date Units Sold at Retail May 1 Units Acquired at Cost 190 units @ $14 240 units @ $16 Activities Beginning Inventory Purchase Sales Purchase Sales 160 units @ $24 10 15 120 units @ $17 24 110 units @ $25 Multiple Choice $3,288 $5.500 $4,100 $5,300 $3,000