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 system. Determine the cost assigned to cost of goods sold using FIFO. Units Sold at Retail Date May 1 5 Units Acquired at Cost 240 units @ $19 265 units @ $21 Activities Beginning Inventory Purchase Sales Purchase Sales 10 185 units @ $29 145 units @ $22 15 24 135 units @ $30 Multiple Choice $6,240 $6,460 $6,855 S77075 S7000