Peterson Company reported the following purchases and sales of its only product. Peterson 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 270 units @ $12 280 units @ $14 Activities Beginning Inventory Purchase Sales Purchase Sales 10 200 units @ $22 160 units @ $15 15 24 150 units @ $23 O $4,360 O $4,510 $4,840 $5,200 O $5,050