19 JJ Company reported the following purchases and sales for its only product. JJ uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO Date Activities May 1 Beginning Inventory May 5 Purchase May 10 Sales May 15 Purchase May 24 Sales Previous Units Acquired at Cost 150 units @$14 220 units @ $16 Units Sold at Retail 140 units $40.00 100 units @$291 90 units @$49.00 Q W 41 24 T D O F 9 MacBook Air 2 7 3 pts Next M