Smith Company had the following purchases and sales of its only product. Smith uses a periodic inventory system. Determine the cost assigned to ending Inventory using LIFO. Units sold at Retail Date May 1 May 5 May 10 May 15 May 24 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Coat 190 units @ $14 240 units & $16 160 units @ $24 120 units $17 110 unita $25 Multiple Choice $5.500 $4100 $3288 $5,300 53.000