Cake Inc. sells shelf-stable candy cakes. During May 2017, its inventory records for one particular brand of shelf-stable candy cake were as follows:

Beginning Inventory ....................

11 cakes

@

$8

May 1 Purchase .....................

13 cakes

@

$6

May 4 Sale ........................

12 cakes

May 5 Purchase ....................

28 cakes

@

$5

May 18 Sale ........................

30 cakes

1.See information for Cake Inc. above. Using this information, perpetual FIFO cost of goods sold is