Peterson Company reported the following purchases and sales for its only product. Peterson uses a periodic inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date May 1 Activities Beginning Inventory Purchase Sales Purchase Sales Units Acquired at Cost Units Sold at Retail 240 units @ $19 265 units @ $21 185 units @ $29 145 units @ $22 135 units @ $30 10 24 Multiple Choice O $6,855 $6,480 $6,460 $6,865 $6,865 $6,450