Question: Brent's Computer Store uses a periodic inventory system. The store reported the following purchases and sales of its only product. Calculate the cost assigned to

Brent's Computer Store uses a periodic inventory system. The store reported the following purchases and sales of its only product. Calculate the cost assigned to the ending inventory using FIFO. Units Sold at Retail Date May 1 Units Acquired at Cost 260 units @ $11 275 units @ $13 5 Activities Beginning Inventory Purchase Sales Purchase Sales 10 15 24 195 units @ $21 155 units @ $14 145 units @ $22 Multiple Choice O $3,900 O $4705 0 $4,565 O $4,040

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