Help Save & Ex Salmone Company reported the following purchases and sales of its only product Salmone uses a periodic Inventory system. Determine the cost assigned to cost of goods sold using FIFO Activities Beginning Inventory Units Acquired at Cost Units Sold at Retail May 1 320 units $17 385 units $19 5 Purchase 10 Sales 15 Purchase 24 Sales 225 units$27 185 units$2e 175 units@$28 Multiple Choice $7160 $7640 56.960