MC Qu. 164 Salmone Company reported the following... Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory cost assigned to cost of goods sold using FIFO. Units Acquired at Cost Units Sold at Retail Date May 1 Activities Beginning Inventory 150 units $10.00 220 units $12.00 5 Purchase 10 Sales 15 Purchase 24 Sales 140 units e $2e.00 100 units $13.00 90 units $21.00 $2.460