4,1654,0053,7003,5404,060

Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the co O assigned to cost of goods sold using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 180 units @ $13 5 Purchase 235 units @ $15 10 Sales 155 units @ $23 15 Purchase 115 units @ $16 24 Sales 105 units @ $24 Book Print Multiple Choice O $4,165 O $4,005 O $3,700