Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 310 units @ $16 Purchase 300 units @ $18 10 Sales 220 units @ $26 Purchase 180 units @ $19 24 Sales 170 units @ $27 5 19 15