QUESTION 8 Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. Units Sold at Retail Date May 1 Units Acquired at Cost 150 units a $10.00 220 units @ $12.00 Activities Beginning Inventory Purchase Sales Purchase Sales 10 140 units @ $20.00 100 units @ $13.00 90 units @ $21.00 $2,980 O $2,460 $2,850 $2,590 O $5,440